Available For Sale - Land

10,448 SF | Show Pricing $

LISTED BY

Steven Paulsen
Open Market CRE, 561-929-4098

AVAILABILITY DETAILS

Size
10,448 SF
Price/SF
Show Pricing $
Listing ID
SA533917
Notes
Luxuria of Hollywood is a vacant land parcel located on Hollywood Beach. The property is strategically located in the Hollywood Blvd Corridor with connectivity to the Broadwalk. The Hollywood Beach Broadwalk is a 2.2 mile long pedestrian promenade with immediate access to the Luxuria of Hollywood development site. One Block North of the land parcel is the Historic Hollywood Beach Resort which is being acquired by the Chetrit Group with expectations of complete redevelopment. This project will be an economic driver adding many new jobs to the area.



Hollywood has seen a modest, yet steady, increase in its population density with thousands of newly developed residential units coming to the City of Hollywood. In addition to the projected population increase, income demographics show a strong median household income for South Florida. According to census data, this specific zip code boasts a median household income of $90,748, compared to that of Broward County ($70,331) and Hollywood Municipality ($61,958).



With ocean views and direct access to the beach via a quick, 15-second walk, 300 Van Buren is excellently positioned for the development of luxury boutique condominiums or luxury short term hospitality. Site Plans are attached to the offering that were provided by renowned Architect Kobi Karp. There is a 37-unit condominium development contiguous to Luxuria of Hollywood featuring +/- 100 Units per acre Density as Non-Conforming. Current zoning for the site is BRT-25-R which allows 25U per acre for Residential and 50U per acre hospitality.



Luxury Condominium properties are highly sought after in South Florida with limited vacant land availability in coastal regions. The City of Hollywood has an incredibly accessible Planning & Development team that is available to assist in the development of such condominiums and through major rezoning efforts throughout the city have become well known for being developer friendly.
Uses
Land

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
Steven Paulsen, Open Market CRE
BRE# BK3053136