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
Location
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Listing Office: Douglas Elliman
