$2,450,000
$2,500,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
0.5 Acres Lot
SOLD DATE : 06/10/2022
Key Details
Sold Price $2,450,000
Property Type Commercial
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Hollywood South Side Add
MLS Listing ID F10325937
Sold Date 06/10/22
HOA Y/N No
Total Fin. Sqft 21600
Annual Tax Amount $11,780
Tax Year 2021
Lot Size 0.496 Acres
Property Description
The property contains 2 folios, 21,600 ft., zoned FH-2 and provides a 3.0 FAR with a height limitation of 10 stories located within an opportunity zone. It is estimated the site will accommodate 50 units. The subject has a state land use 74 which is an assisted living facility (ALF). The property has been improved with hurricane impact Windows, new kitchens cabinets, countertops, appliances, bathrooms and an exterior PVC fence. The property must be sold in as is condition without changing its use code or sold as a redevelopment opportunity. Accordingly, the highest and best use for the subject property is a 50-unit residential development. The Federal Highway Hollywood and surrounding corridor is quickly gentrifying with many projects in the planning, approved or construction stages.
Location
State FL
County Broward County
Area Hollywood East (3010-3050)
Zoning RM-18
Exterior
Utilities Available Cable Tv, Electric, Gas, Phone Line, Sewer, Trash Removal, Water
Waterfront No
Water Access N
Private Pool No
Building
Lot Description Less Than 1 Acre
Sewer Public Sanitation
Water Municipal Water
Others
Pets Allowed No
Acceptable Financing Cash
Listing Terms Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Media Realty
Get More Information