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1318 N Ocean Blvd - 1 +/- acre on Intracoastal w/ocean views

0.97 Acres of Commercial Land Offered at $10,500,000 in Hollywood, FL 33019

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Executive Summary

Prime investment opportunity in Holywood South Central Beach which is #4 on Best Beaches in USA by Travelers Choice / Trip Advisor!
Looking for a 1031 tax exchange property? Close before end of year with owner financing.
Current income from 3 units, parking lot and boat slips approx $400K/yr. Beach CRA has been undergoing major updates and development. Here's your chance to get a piece of real estate with views of both the ocean and intracoastal!

MAP

1318 N Ocean City of Hollywood FL Zoning Map

bcpa 1318 and 1418

Property Facts

Price	$10,500,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units Apartment Units - Condo Hotel
No. Lots	1	Total Lot Size	0.97 AC
Property Type	Land

Price	$10,500,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units Apartment Units - Condo Hotel
Total Lot Size	0.97 AC

1 Lot Available

Lot

Price	$10,500,000	Lot Size	0.97 AC
Price Per AC	$10,868,001

Price	$10,500,000
Price Per AC	$10,868,001
Lot Size	0.97 AC

Approx 600' on intracoastal. Includes 1418 N Ocean Dr. (boats slips, parking, 3 unit income). Last of the large lots available Hollywood South Central Beach! Beautiful views of the intracoastal which is protected from development by West Lake Park.

Description

North side is a 2 story CBS construction with glass impact doors and windows currently has 3 tenants. 600' on the intracoastal with 7 leased boatslips. The south side is lined with paid parking managed by ASTA. Additional lots across the street could be available to meet developer needs.

1 of 1

PROPERTY TAXES

Parcel Number	51-42-12-01-0260	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$3,429,580

PROPERTY TAXES

Parcel Number

51-42-12-01-0260

Land Assessment

Improvements Assessment

Total Assessment

$3,429,580

zoning

Zoning Code	BRT-25-A1A-C (BRT-25-A1A-C Beach Resort A1A Commercial District Commercial Hotel Motel Office Public meeting places special exc for places of worship school clubs)
BRT-25-A1A-C (BRT-25-A1A-C Beach Resort A1A Commercial District Commercial Hotel Motel Office Public meeting places special exc for places of worship school clubs)