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113 - 117 S 21st Avenue, Hollywood, FL

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113 - 117 S 21st Avenue

Hollywood, FL 33020-4522 - Hollywood Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1947
Stories:2 Typical Floor:4,000 SF Building Size:9,580 SF
For Sale Price:$3,000,000 Price/SF:$313.15
Cap Rate:6.00 %
Parking:Free Surface spaces are available; Ratio of 2.25/1,000 SF Amenities:Bus Line

Sale Notes:
Amazing investment opportunity in Downtown Hollywood Florida. Subject property consists of an existing 9000 sf mixed use building and parking lot, fully leased with 4 tenants, grossing $101,316.84 netting $83,341.68 per year. Owner has site plan approval and approved plans to build an additional 22,658 mixed use building spanning over the existing structure, the new building includes first floor office
retail (5500 sf), second floor office (9970 sf), third and fourth floor 9 large apartments (12,688 sf). The 9 apartments consist of 4, 3bed 2 bath units, and 5, 2 bed 2 bath units. Total size of building when completed is 28,158 sf. Wonderful design with large open Atrium in the center of the project. Unique opportunity to have an approved project ready to build in downtown Hollywood Florida. Zoning CCC-1 permits 55' tall building with very low parking requirements. Included in this package are all approved plans, renderings, budgets, projections, survey, and comparable as completed sales showing a market price per foot is $419 a foot. Consturction financing also available thru stonegate bank.
Please see attached package for complete details.

Re/Max 5 Star Realty
John DeMarco

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