$22,000,000
For Sale

1409 N Ocean Drive

Hollywood, FL 33019
0.10 acres | #RX-11079845
Type:Purchase
Structure:Land
Zone:Residential

Description

1.72 acres in most desireable beach community of Hollywood Beach! 42,085 sf on intracoastal with 600' of seawall/boat dock. Approx $1M annual income from leased parking lots/boat docks/3 rental multifamily income. Developers can continue income during permitting process or vacate the leases. Seawall is being raised in accordance with US Army C of Engineers waterways all area requirement. Environmental in process of being cleared from cleanup list.

  • Property Details
      • SubdivisionHOLLYWOOD BEACH FIRST ADD
      • Property SubtypeIndustrial Land
      • Original List Price$22,000,000
      • MLS #RX-11079845
      • MLS #RX-11079845
      • Lot Features< 1/4 Acre
      • Lot Description< 1/4 Acre
      • Property TypePurchase
      • Taxes Annual$176,038
      • Cost22000000
      • CountyBroward
      • ZoningBRT-25
      • Lot Size (sqft)4376
      • Acres0.1
      • Waterfront1

Location

William Barnes | BrokerReal Estate Group
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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