2421 Hollywood BlvdHollywood, FL 33020

Property Details for 2421 Hollywood Blvd

Year built

1998

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

1,536 SF

Zone code

RC-1

Property type

Office buildings

APN

51-42-16-01-6870

APU

514216016870

Description

This exceptional special-purpose property, located at 2421 Hollywood Boulevard, presents a unique investment opportunity. The single-tenant building features a functional layout ideal for a variety of professional uses. The interior comprises two individual offices, providing ample private workspace, complemented by a welcoming reception and waiting area. Durable tile flooring runs throughout the space, ensuring easy maintenance and a clean aesthetic. A convenient walk-in storage room offers additional space for supplies or equipment. The property also boasts a recently updated bathroom, enhancing both functionality and appeal. Free parking is available, a significant advantage in a high-traffic area like Hollywood. The property is zoned C-2, offering flexibility for various commercial uses. The Assessor's Parcel Number (APN) is 514216016870. While the lot size is not specified, the building itself provides a well-appointed and efficient workspace. This property is an excellent choice for a business seeking a well-maintained, conveniently located, and functional office space in the heart of Hollywood. The single-tenant occupancy simplifies management and provides a stable income stream. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $549,533

  6.5%

  $507,261

  7%

  $471,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,760

  Geo Method

  $658,760

• Alternative Use

  Use

  Valuation

  Residential

  $629,004

  Hospitality

  $576,164

  Educational

  $479,362

  Medical

  $495,848

  Retail

  $745,674

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0116

Longitude

-80.1554

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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