Property Description
The subject property represents a covered land opportunity located in Hollywood Florida which is experiencing a tremendous development boom. The property sits on 10,400 ft.² and possesses DH-3 zoning which allows for a 3.0 FAR and 14 floors by right. Highest and best use analysis indicates the property will support the development of 30 residential units, however the purchaser must use their own due diligence to verify.
The subject property consists of a 4Plex with one nonconforming unit. The property is considered to be poor to fair condition and may require an estimated $150,000 of capital improvements.