699 S FEDERAL HWY

Hollywood Lakes, Hollywood, Florida 33020

$4,400,000
Commercial / Office

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
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PROPERTY DETAILS

  • Exterior
    .58 Acres
  • Property Type
    Commercial / Office
  • MONTHLY REAL ESTATE TAX
    $2,374
  • Year Built
    1955
  • MLS/Listing ID
    A11271956

BUILDING/PROPERTY DETAILS

  • Air Conditioning
  • New Construction
  • No Pets
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