219 N 21st Ave
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219 N 21st Ave
10,378 SF 4% Leased Retail Building Hollywood, FL 33020 $2,995,000 ($289/SF)
Investment Highlights
- Downtown Hollywood Free-Standing Commercial Building
- Located in Opportunity Zone
- 8.85% Projected Capitalization Rate
- A+ Location in Downtown Hollywood
- Owner User can Occupy up to 5,000 SF
- Perfect for Owner User or an Investor!
Executive Summary
Prime Downtown Hollywood, FL location! This landmark building is the former famous Hemingway's bar and lounge. Located in the heart of Downtown Hollywood Florida, this building is situated in an A++ location. This property has undergone extensive improvements: new bathroom, new central AC system, new roof paint and much more. The 5,000 SF second floor is vacant and ready to move-in for an owner user. An investor can lease the space at $39.21 per SF NNN, when fully leased this building will be netting $264,949 a year providing an investor with a strong 8.85% capitalization rate.
The immediate area has over 5,000 new permanent residences coming online in the near future with over 1 billion in new construction projects approved and breaking ground in the near future. Current occupants of Downtown Hollywood enjoy all the benefits of a downtown workplace which include great business visibility, desirable employee work-place location, close proximity to top restaurants and nightlife, major national events, ample parking next near parking garage and much more.
For additional information call broker directly, do not disturb this property or business.
The immediate area has over 5,000 new permanent residences coming online in the near future with over 1 billion in new construction projects approved and breaking ground in the near future. Current occupants of Downtown Hollywood enjoy all the benefits of a downtown workplace which include great business visibility, desirable employee work-place location, close proximity to top restaurants and nightlife, major national events, ample parking next near parking garage and much more.
For additional information call broker directly, do not disturb this property or business.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,378 SF
Building Class
C
Year Built/Renovated
1924/2022
Price
$2,995,000
Price Per SF
$289
Percent Leased
4%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.95
Land Acres
0.25 AC
Opportunity Zone
Yes
Zoning
RAC - Central RAC
Parking
2 Spaces (0.19 Spaces per 1,000 SF Leased)
Frontage
58 FT on N 21st Ave
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 2nd Floor
- 5,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 5,000 SF | Retail | - | Now |
2nd Floor
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 51-42-15-01-1700 | Improvements Assessment | $1,356,360 |
| Land Assessment | $118,800 | Total Assessment | $1,475,160 |
PROPERTY TAXES
Parcel Number
51-42-15-01-1700
Land Assessment
$118,800
Improvements Assessment
$1,356,360
Total Assessment
$1,475,160
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Power Broker John DeMarco - RE/MAX 5 Star Realty
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219 N 21st Ave
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