John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 1201 N 21st Ave, Hollywood, Fl. The property is centrally located near Downtown Hollywood, only 1 mile away from Interstate 95 and 3 miles away from world famous Hollywood Beach and Hollywood Beach Broadwalk. The physical property consists of 1.71 acres (74,576 SF) lot and is situated within pro-development DH-3 zoning corridor that permits 200 apartments by right based on the size of the lot. This subject property is generating $10,000 in monthly income from a car body shop tenant, with four years remaining on the lease and an early termination clause in place. Positioned on a large city block corner in Hollywood's thriving market, the site benefits from high-density zoning and offers strong potential for future development, including opportunities to assemble additional land. Similar projected that were recently completed in the area are leased at an average of $3.04 p/SF. This market rate will provide an investor with Over $6.5mil projected rental income per year. At a market operating margin projected net income is $4mil per year. Enclosed in this offering are the estimated projections, showing that a developer can build up to 3,149,900 SF property with 180,200 SF net living area. This project will consists of 200 units of average 901 SF and 290-spaces parking garage. Hollywood's strategic location near Port Everglades, Fort Lauderdale Hollywood International Airport, and major transportation routes is attracting businesses and residents due to its unique blend of value and quality. Downtown Hollywood offers top-tier accessibility to South Florida cities, commuter rail service, and increasing residential development. Tenants enjoy excellent business visibility, employee- friendly environments, dining options, nightlife, ample parking, and more. Join the 5,000+ new permanent residents expected in downtown Hollywood over the next few years, with numerous new residential and retail projects underway (see enclosed development report). With over 53,000 cars daily on Hollywood Blvd, this is a rare acquisition opportunity that won't last long. Call broker for additional information.