Available For Sale - Multifamily

4,868 SF | Show Pricing $

AVAILABILITY DETAILS

Size
4,868 SF
Price/SF
Show Pricing $
Listing ID
SA508142
Notes
The Dixiana Apartments multifamily opportunity combines the traditional option of renovations and repositioning with underlying development appeal; as it was built on land that is entitled with some of the best zoning allowances in all of South Florida.

There are multiple lenses to look through as it relates to this property, including operating the units as short term rentals/AirBnb. The property also provides the rare ingress/egress necessary for substantial multifamily development to match neighboring buildings that are under construction or in some stage of planning.



Hollywood enjoys being centrally located between Miami and Fort Lauderdale, driving the demand for housing in the area and occupancy rates that are well beyond the national average. Waiting lists for well appointed units in the area are common.

The property is currently zoned FH-2, Medium Density Mixed Use. The property sits inside of the Regional Activity Center which has eliminated the antiquated development standard of units per acre allowing for maximum flexibility as it relates to design. The City of Hollywood has embraced large scale redevelopment, evidenced by the current development activity through all major corridors of the city.



Dixiana Apartments is situated on a single parcel with land totaling .48 acres, and contains ample existing green space. The existing lush landscaping and the shade trees on property provide tenants with some natural Florida charm. A drive through East Hollywood will reveal many beautiful properties adorning the gorgeous waterways and beyond. On the world stage by way of the Margaritaville Resort, Hollywood is quickly gaining a reputation of a Top Tier Leisure Destination. Nearby, Joseph Young's Hollywood Boardwalk is a city amenity that is historically unique and continues to attract tourists and new residents.



Dixiana Apartments is ripe for either repositioning or redevelopment. Employing a RUBS system for electric and/or water is also part of the upside in the opportunity. SVN Commercial Partners has also exclusively listed the adjacent neighboring parcel at 1090 N Federal Highway, which is out to market subject to offer. Both parcels combined total .80 acres or approximately 35,111 sq ft of land within the FH-2 zoning boundary; allowing a great opportunity for redevelopment into a mid rise multifamily project.
Uses
Multifamily

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
4,868 SF Sale Multifamily Show Pricing $ chevron_right
4,868 SF Sale Multifamily Show Pricing $ chevron_right
Space/Suite
 
Square Feet
4,868 for sale
Uses
Multifamily
Asking Rent/Price
Show Pricing $
Space/Suite
 
Square Feet
4,868 for sale
Uses
Multifamily
Asking Rent/Price
Show Pricing $

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
John Andrews, SVN | Commercial Partners
BRE# SL3441557