Hollywood, FL 33020

This exceptional 21,184 square foot mixed-use property presents a prime development opportunity in Hollywood, Florida's vibrant Opportunity Zone. Situated on a 0.61-acre lot with prominent frontage on US-1, boasting 44,000 vehicles per day, this location offers unparalleled visibility and signage potential. The flexible mixed-use zoning allows for a diverse range of uses, including hotels, commercial spaces, and residential units, with the potential to construct a building up to five stories and 79,683 square feet. This presents a significant opportunity for developers to maximize returns. The property currently includes 30 parking spaces, providing a ratio of approximately 3 spaces per 1,000 square feet. Surrounded by high-rise buildings and other mixed-use developments, this site is poised for substantial growth. A proforma income projection of $230,000 demonstrates the potential for generating income from office or retail tenants during the planning and approval phases of a larger development project. This is a rare chance to acquire a strategically located asset in a thriving market with exceptional upside potential. The asking price is $5,999,900.