,Mixed Use, Office Space for Sale

for Sale

Price $5,999,900.00

• Lot size 26596
• Year Build 1936
• Waterfront
• Zip 33020
• Style
• Parking Description Free Parking, On Street
• Pool Yes
• Status Active

Description

Prime development opportunity in an Opportunity Zone! **Zoning:** Flexible mixed-use zoning allows for various uses, including hotels, commercial, and residential, with potential for up to 5 stories and 79,683 SF. **Growth Potential:** Surrounded by high-rise buildings and mixed-use projects. **Development Opportunity:** Ideal for developers to generate income from office or retail tenants during planning and approval. Proforma income of $230,000 with a total built area of 10,115 sq ft. **Parking:** 30 spaces with a ratio of 3 per 1,000 sq ft. **Location:** Prime frontage on US-1 with 44,000 VPD, providing excellent exposure and signage opportunities.

HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 12 TO 14,15 LESS E 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO S/L LOT 15

Central Business District, City Location, Corner Lot

Prime development opportunity in an Opportunity Zone! **Zoning:** Flexible mixed-use zoning allows for various uses, including hotels, commercial, and residential, with potential for up to 5 stories and 79,683 SF. **Growth Potential:** Surrounded by high-rise buildings and mixed-use projects. **Development Opportunity:** Ideal for developers to generate income from office or retail tenants during planning and approval. Proforma income of $230,000 with a total built area of 10,115 sq ft. **Parking:** 30 spaces with a ratio of 3 per 1,000 sq ft. **Location:** Prime frontage on US-1 with 44,000 VPD, providing excellent exposure and signage opportunities.

City:Hollywood,Zoning:FH-2,Heating:1:Central Building A/C,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:26.0025529,Cooling Y N:1,Heating Y N:1,List Price:5999900,Listing Id:A11627630,Longitude:-80.143182,Mls Status:Active,Year Built:1936,Directions:GPS,Postal Code:33020,Coordinates:1:26.0025529,Lot Features:1:City Location,2:Corner Lot,Photos Count:13,Days On Market:39,Lot Size Acres:0.61,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,On Market Date:2024-07-22,Parcel Number:514222102090,Parking Total:35,Property Type:Commercial Sale,Stories Total:2,Open Parking Y N:1,Public Remarks:Prime development opportunity in an Opportunity Zone! **Zoning:** Flexible mixed-use zoning allows for various uses, including hotels, commercial, and residential, with potential for up to 5 stories and 79,683 SF. **Growth Potential:** Surrounded by high-rise buildings and mixed-use projects. **Development Opportunity:** Ideal for developers to generate income from office or retail tenants during planning and approval. Proforma income of $230,000 with a total built area of 10,115 sq ft. **Parking:** 30 spaces with a ratio of 3 per 1,000 sq ft. **Location:** Prime frontage on US-1 with 44,000 VPD, providing excellent exposure and signage opportunities.,Structure Type:1:Free Standing,2:Office/Retail,County Or Parish:Broward County,Frontage Length:157,List Office Name:Rise Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:On Street,Postal Code Plus4:6026,Property Sub Type:Mixed Use,State Or Province:FL,Tax Annual Amount:38334,Unparsed Address:1040 S Federal Hwy, Hollywood FL 33020,Insurance Expense:20000,Listing Agreement:Exclusive Agency,Security Features:1:Security Lights,2:Security System,Building Area Total:10015,Building Area Units:Square Feet,Lot Size Square Feet:26596,Original List Price:5999900,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks:Prime development opportunity in an Opportunity Zone! **Zoning:** Flexible mixed-use zoning allows for various uses, including hotels, commercial, and residential, with potential for up to 5 stories and 79,683 SF. **Growth Potential:** Surrounded by high-rise buildings and mixed-use projects. **Development Opportunity:** Ideal for developers to generate income from office or retail tenants during planning and approval. Proforma income of $230,000 with a total built area of 10,115 sq ft. **Parking:** 30 spaces with a ratio of 3 per 1,000 sq ft. **Location:** Prime frontage on US-1 with 44,000 VPD, providing excellent exposure and signage opportunities.,Listing Contract Date:2024-07-22,Originating System I D:miamire,Public Survey Section:22,Street Number Numeric:1040,Tax Legal Description:HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 12 TO 14,15 LESS E 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO S/L LOT 15,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Opportunity Zone! Mixed-use zoning allows hotels, commercial, and residential up to 5 stories and 79,683 SF. Prime US-1 frontage with 44,000 VPD.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-07-22,Distance To Freeway Numeric:2,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,