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1050 N Federal Hwy 11,478 SF 100% Leased Office Building Hollywood, FL 33020 $10,468,004 CAD ($912.01 CAD/SF) 2.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Appraised Value $8,250,000
- The highest and best use here is as a redevelopment site.
- Great frontage on US HWY 1.
EXECUTIVE SUMMARY
October 2024 Appraised Value $8,250,000.
On behalf of the ownership for the Braverman Eye Center property located at 1050 N. Federal Highway, Hollywood, Butters Realty & Management is pleased to provide
this ±1.4 acre site available on Federal Highway in Hollywood’s Downtown Activity Center, ripe for redevelopment as high-density, mixed-use multifamily project. Similar
projects recently approved in same Activity Center with density ranging from 160 units/acre to 250 units/acre. Site also eligible for Live Local Act project, which permits
higher density and expedited entitlement process.
The Braverman Eye Center was renovated in 2017 and has been exceptionally maintained. The building provides professional curb appeal, ample parking, and high visibility
signage opportunities. The building is currently 100% occupied by one tenant. This asset is extremely easy to manage and would be ideal for any developer or future
owner/user due to the location, convenience and overall condition of the property.
Price: Unpriced
On behalf of the ownership for the Braverman Eye Center property located at 1050 N. Federal Highway, Hollywood, Butters Realty & Management is pleased to provide
this ±1.4 acre site available on Federal Highway in Hollywood’s Downtown Activity Center, ripe for redevelopment as high-density, mixed-use multifamily project. Similar
projects recently approved in same Activity Center with density ranging from 160 units/acre to 250 units/acre. Site also eligible for Live Local Act project, which permits
higher density and expedited entitlement process.
The Braverman Eye Center was renovated in 2017 and has been exceptionally maintained. The building provides professional curb appeal, ample parking, and high visibility
signage opportunities. The building is currently 100% occupied by one tenant. This asset is extremely easy to manage and would be ideal for any developer or future
owner/user due to the location, convenience and overall condition of the property.
Price: Unpriced
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
11,478 SF
Building Class
B
Year Built/Renovated
1949/2017
Price
$10,468,004 CAD
Price Per SF
$912.01 CAD
Cap Rate
2.97%
NOI
$311,049 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,739 SF
Slab To Slab
10’
Building FAR
0.19
Lot Size
1.40 AC
Zoning
C-2 - Ripe for redevelopment as high-density, mixed-use multifamily project. Similar
projects recently approved in same Activity Center with density ranging
Parking
36 Spaces (4.61 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 51-42-10-00-0320 | Improvements Assessment | $2,157,258 CAD |
| Land Assessment | $1,211,669 CAD | Total Assessment | $3,368,927 CAD |
PROPERTY TAXES
Parcel Number
51-42-10-00-0320
Land Assessment
$1,211,669 CAD
Improvements Assessment
$2,157,258 CAD
Total Assessment
$3,368,927 CAD
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1050 N Federal Hwy
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