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Multi Family - for Sale

1040 COLLINS AVE, HOLLYWOOD, FL 33020

Asking Price$5,999,900

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  • Days on market:

    2 day(s)
  • Original Price:

    $5,999,900
  • Tax Legal Description:

    HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 12 TO 14,15 LESS E 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO S/L LOT 15
  • Property Type:

    Multi Family
  • Parking:

    Free Parking On Street
  • Waterfrontage (sqft):

    157
  • Construction Type:

    Cbs Construction
  • Cooling Description:

    Central Building A/C
  • Heating Description:

    Central ElectricCentral Building A/C
  • Special Listing Conditions:

    Sale
  • Lot Features:

    Central Business District City Location Corner Lot

Description

$5,999,900

Prime development opportunity in an opportunity zone! **zoning:** flexible mixed-use zoning allows for various uses, including hotels, commercial, and residential, with potential for up to 5 stories and 79,683 sf. **growth potential:** surrounded by high-rise buildings and mixed-use projects. **development opportunity:** ideal for developers to generate income from office or retail tenants during planning and approval. proforma income of $230,000 with a total built area of 10,115 sq ft. **parking:** 30 spaces with a ratio of 3 per 1,000 sq ft. **location:** prime frontage on us-1 with 44,000 vpd, providing excellent exposure and signage opportunities.

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