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Perfect for High-End Restaurant or Retail 201 N Ocean Dr

6,300 SF Vacant Retail Building Hollywood, FL 33019 $12,000,000 ($1,905/SF)

Investment Highlights

  • Great visibility
  • Open floors and offices
  • 1 block from the ocean
  • Impact windows and recent improvements make it a beautiful office or sales center
  • Possible owner financing

Executive Summary

This is one of the most visible commercial buildings in Hollywood Beach with 6,300 Sqft on 4 lots, situated just North of Hollywood Boulevard on A1A (Ocean Drive). It is one block from the Beach and has unobstructed views of the Intracoastal Waterways. It has 2 floors totaling about 3,150 Sqft each with high ceilings and a flexible layout, which can accommodate a variety of Retail Businesses. A large elevator conveniently accesses the second floor, where it features a massive bank safe with its original iron door. It would be an ideal location for a high-end Restaurant, Café, Night Club, SPA, Medical Clinic, Gym, or an Event Center. The building could be a winning place for a Pharmacy, Grocery, Liquor, or Convenience Store, or a concept that caters to the many locals and tourists. It can also be a mixed use with a retail on the first floor and offices on the second. It has a full rooftop, which is currently not used for the public but could be a hidden bonus with the proper improvements and authorizations. It has plenty of signage possibility as it is at the corner of 3 streets, allowing for 3 building signs. Owner is willing to discuss improvements and additions on the parking lot, which currently has 23 spots.

Taxes & Operating Expenses (Actual - 2022)

Annual Annual Per SF
Taxes $27,557 $4.37
Operating Expenses $15,000 $2.38

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual $27,557
Annual Per SF $4.37
Operating Expenses
Annual $15,000
Annual Per SF $2.38
Total Expenses
Annual $42,557
Annual Per SF $6.76

Property Facts

Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,300 SF
Building Class
B
Year Built/Renovated
1982/2016
Price
$12,000,000
Price Per SF
$1,905
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.33 AC
Zoning
BRT-25C - Beach Resort Residential District
Parking
19 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
123 FT on Florida A1A

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 100
  • 3,150 SF
  • Retail
  • -
  • Now

This is a beautiful place with great visibility from A1A and views of the intracoastal. One block from the boardwalk or Hollywood beach. Ideal place for a high-end restaurant or retail store.

  • 200
  • 3,150 SF
  • Retail
  • -
  • Now

Entire floor office with large bay windows with water view on Intracoastal. Direct access via elevator. Large open space that fits comfortably 10 work stations. One large executive office with private balcony. 1 large manager office. 1 double office that can be divided in 2 rooms. 1 large conference room (former bank vault with operating vault door). 2 private bathrooms. Storage room. Server room. Marble flooring. Modern design. Lobby reception area.

Space Size Space Use Position Available
100 3,150 SF Retail - Now
200 3,150 SF Retail - Now

100

Size
3,150 SF
Space Use
Retail
Position
-
Available
Now

200

Size
3,150 SF
Space Use
Retail
Position
-
Available
Now

100

Size 3,150 SF
Space Use Retail
Position -
Available Now

This is a beautiful place with great visibility from A1A and views of the intracoastal. One block from the boardwalk or Hollywood beach. Ideal place for a high-end restaurant or retail store.

200

Size 3,150 SF
Space Use Retail
Position -
Available Now

Entire floor office with large bay windows with water view on Intracoastal. Direct access via elevator. Large open space that fits comfortably 10 work stations. One large executive office with private balcony. 1 large manager office. 1 double office that can be divided in 2 rooms. 1 large conference room (former bank vault with operating vault door). 2 private bathrooms. Storage room. Server room. Marble flooring. Modern design. Lobby reception area.

Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
51-42-13-01-2071
Land Assessment
$637,920 (2024)
Improvements Assessment
$661,410 (2024)
Total Assessment
$1,299,330 (2024)
Annual Taxes
$27,557 ($4.37/SF)
Tax Year
2022
  • Listing ID: 17218697

  • Date on Market: 9/17/2019

  • Last Updated:

  • Address: 201 N Ocean Dr, Hollywood, FL 33019

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