1050 N Federal Hwy - Medical FOR SALE


Hollywood, FL 33020- Royal Poinciana
$7,499,000 USD
954-937-4540
1050 N Federal Hwy, Hollywood, FL for Sale
$7,499,000 USD
Medical - FOR SALE
1/4
null | 2.97% Cap Rate

1050 N Federal Hwy
Hollywood, FL 33020
Royal Poinciana


HIGHLIGHTS

  • Appraised Value $8,250,000
  • Great frontage on US HWY 1.
  • The highest and best use here is as a redevelopment site.

OVERVIEW

October 2024 Appraised Value $8,250,000. On behalf of the ownership for the Braverman Eye Center property located at 1050 N. Federal Highway, Hollywood, Butters Realty & Management is pleased to provide this ±1.4 acre site available on Federal Highway in Hollywood’s Downtown Activity Center, ripe for redevelopment as high-density, mixed-use multifamily project. Similar projects recently approved in same Activity Center with density ranging from 160 units/acre to 250 units/acre. Site also eligible for Live Local Act project, which permits higher density and expedited entitlement process. The Braverman Eye Center was renovated in 2017 and has been exceptionally maintained. The building provides professional curb appeal, ample parking, and high visibility signage opportunities. The building is currently 100% occupied by one tenant. This asset is extremely easy to manage and would be ideal for any developer or future owner/user due to the location, convenience and overall condition of the property. Price: Unpriced

FOR SALE DETAILS

PRICE

$7,499,000 USD

PRICE/SF

$653 USD /SF

CAP RATE

2.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

C-2

APN/PARCEL ID

51-42-10-00-0320

ASK ABOUT THIS PROPERTY

Brian AhearnButters Realty & ManagementMore Info
954-937-4540

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Brian AhearnButters Realty & ManagementMore Info
954-937-4540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.