Property
| Ownership: | For Sale |
|---|---|
| Type: | Land |
| Lot Size: | 0.5 Acres |
Financials
Price:$2,174,500
Annual Taxes:$17,186
Listing Courtesy of Trybal Group LLC
We re pleased to present a rare shovel ready development opportunity in the heart of Downtown Hollywood.
Description
We’re pleased to present a rare shovel-ready development opportunity in the heart of Downtown Hollywood. This fully entitled 20,500 SF MC-1 zoned lot comes with approved construction plans and permits for a 3-story, 30-unit multifamily building. The project includes a mix of spacious 1- and 2-bedroom units, a rooftop deck with open-air pool, landscaped green space with BBQ area, and 42 covered parking spaces plus bicycle parking. With conventional financing, an investor could achieve 111% of Net Investment Return. Located just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, this site offers unbeatable access to restaurants, arts, transit (US-1, I-95), and year-round coastal lifestyle. All reports completed — geotechnical, zoning, site plan approval — allowing a buyer to close with permits in hand and begin construction immediately.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12056911
Amenities
- Cable - Available
- Electricity Available
- Natural Gas Available
- Phone Available
- Sewer Available
- Trash Removal
- Water Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
