215-235 21St AveHollywood, FL 33020

  • Office properties
  • 8,160 SF
For Lease
$24.96/SF/YR View listing

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 properties
Property subtype
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

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
215-235 21St Ave, Hollywood, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,617
$289,730
$977,030
$1,266,760
-
$289,730
$977,030
$1,266,760

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