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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1905 - 1909 Harrison St , Hollywood, FL 33020
$5,000,000
Est. Payment: $11,111.11/mo
0 Bed
0 Bath
16833 Sqft
Status: Active | Days on site: 21
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HCIR01 - 3286963
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House Description

Rare investment and redevelopment opportunity in the heart of Downtown Hollywood. This mixed-use commercial property offers investors and developers multiple potential strategies in one of South Florida's rapidly evolving urban districts. The existing property provides an attractive value-add opportunity with the potential to increase occupancy, lease available space, enhance rental income and improve overall NOI through active management and repositioning. For developers, the property's RC-2 (Historic Retail Core) zoning provides an opportunity to evaluate future redevelopment and mixed-use potential. RC-2 permits a variety of commercial uses and multifamily residential above the ground floor, subject to applicable City requirements and approvals. Ideally positioned near Young Circle and surrounded by the continued redevelopment of Downtown Hollywood, the property offers an opportunity to acquire an existing income-producing commercial asset with potential long-term redevelopment upside. Property is being offered As-Is. Buyers and their representatives are responsible for independently verifying zoning, permitted uses, development rights, density, FAR, height, parking requirements and all other information with the City of Hollywood and applicable governmental authorities.

Highlights

Listed by Carlos Hasbun , 305-842-9999 Home-C International Realty LLC , 786-306-4842.

Property Type

Commercial Sale

Lot/Acreage
0.21

Year Built

1959

County

Broward

Area

3050

Listing ID

A12070914

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Garage Capacity:23
Zoning:RC-2
Parking Features:Garage
Principal Interest
$11,111
Taxes
$3,998

Home Price

$5,000,000

Loan Details

30 yrs
%

Down Payment

20%
$1,000,000
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Monthly Price:
$11,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,111.11 $3,997.83 $0.00 $15,108.94
Yearly $133,333.33 $47,974.00 $0.00 $181,307.33
Total $4,000,000.00 $1,439,220.00 $0.00 $5,439,220.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Hollywood, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.