215-235 21St AveHollywood, FL 33020

Property Details for 215-235 21St Ave

Year built

1950

Construction

CONCRETE

Lot size

0.60 AC

Property size (Sq ft)

8,160 SF

Zone code

DH-3

Property type

Office buildings

APN

51-42-15-01-1180

APU

514215011180

Description

This exceptional 8,160-square-foot flex space presents a unique opportunity in Hollywood, Florida's thriving Central Business District. Located at 215-235 South 21st Avenue, this single-tenant building sits on a 26,339-square-foot lot and offers a significant advantage: it's the only property in the area with a privately owned parking lot, providing 28 spaces plus additional street parking shared with the Harrison Street-facing building. The building currently boasts a zoning designation for office use, but alternative retail or commercial uses are highly probable upon approval. An added benefit is a 1,000-square-foot outdoor patio area. The asking rent is $20,000 per month gross, inclusive of operating expenses

• CAP approach

  CAP return

  Valuation

  6%

  $2,919,395

  6.5%

  $2,694,826

  7%

  $2,502,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,499,661

  Geo Method

  $3,499,661

• Alternative Use

  Use

  Valuation

  Residential

  $3,341,584

  Hospitality

  $3,060,874

  Educational

  $2,546,611

  Medical

  $2,634,192

  Retail

  $3,961,394

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0099

Longitude

-80.1485

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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