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699 S Federal Hwy

Hollywood, FL 33020
  • $4,990,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: A11271956
UPDATED: 61 min ago
$4,990,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

Unique 25,173 Sq Ft corner property is divided into 3 folios with infinite redevelopment opportunities. Current: Commercial space on a NNN lease generating $84,000/year (lease ends in 18 months), 6 (1 -2 bedroom, 5-1 bedroom) Airbnb apartments generating over $100K net rental income, 14 parking spaces. Potential redevelopment: Zoning FH-2: Federal highway medium-high intensity mixed-use district development. FAR 3.0. Gross floor area building: 75,519 Sq Ft, maximum height 10 stories (140 feet). Allowing you to build a larger commercial space, residential apartment, hospitality use, and more. Disclaimer: The information contained within this remark is for reference ONLY, and is not to be used for legal purposes. Please contact the City of Hollywood Planning Department

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-11-30T21:50:41.237.
www.bettersouthfloridahomes.com/homes/133248551
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699 S Federal Hwy Hollywood, FL 33020

  • Price: $4,990,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 61 min ago
  • MLS #: A11271956
0
Beds
0
Baths
0
½ Baths
0.58
Acres
1955
Built
County:
Broward
Property Description
Unique 25,173 Sq Ft corner property is divided into 3 folios with infinite redevelopment opportunities. Current: Commercial space on a NNN lease generating $84,000/year (lease ends in 18 months), 6 (1 -2 bedroom, 5-1 bedroom) Airbnb apartments generating over $100K net rental income, 14 parking spaces. Potential redevelopment: Zoning FH-2: Federal highway medium-high intensity mixed-use district development. FAR 3.0. Gross floor area building: 75,519 Sq Ft, maximum height 10 stories (140 feet). Allowing you to build a larger commercial space, residential apartment, hospitality use, and more. Disclaimer: The information contained within this remark is for reference ONLY, and is not to be used for legal purposes. Please contact the City of Hollywood Planning Department
Exterior Features

Construction Materials Concrete Block Construction Inclusions Building & LandFurnitureLeasesEquipmentFurniture/FixturesLeases Lot Features Central Business DistrictCity LocationCorner LotNear Airport Parking Features AssignedFree Parking Parking Total 14 Pool Private YN No Road Frontage Type City Street View YN No Waterfront YN No

Interior Features

Building Area Total 5380 Cooling Wall/Window Unit(S) Flooring Ceramic FloorTile Heating None Heating YN No Stories 1

Property Features

Association YN No Business Type ApartmentsCommercial/Residential Income Cooling YN Yes Horse YN No Listing Terms All CashConventional/Refinance New Construction YN No Property Condition New Construction Public Survey Section 15 Security Features Security Fence Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Structure Type CommercialHotel/Motel Tax Annual Amount 28489 Tax Year 2021 Water Source Public Year Built Details New Construction

Listing courtesy of Douglas Elliman: 305-677-5000.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-11-30T21:50:41.237.
 
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United Realty Group
1361 Sawgrass Corporate Parkway #200
Sunrise FL, 33323