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Investment Highlights
- Develop 0.24 acres of commercial land while taking advantage of an already existing cash flow
- This property is currently a duplex (1/1 and studio) successfully operating, with upside potential due to lower rents.
- The duplex may be bought together with an additional 5 units located at 411 Columbus Pkwy, also in Hollywood, for a total of 0.86 acres and $1.4M.
- Zoned DH-2, great for commercial uses, office, multifamily, schools, or places of worship
- Upside potential in net income based on Section 8 rent limits for the area - Please inquire
Executive Summary
Excellent opportunity to own 0.24 acres zoned DH-2, great for commercial uses, office, multifamily, schools, or places of worship. This property is currently a duplex (1/1 and studio) successfully operating, with upside potential due to lower rents. This is a great opportunity to develop land while taking advantage of an already existing cash flow, or keep as multifamily for the income and potential upside. The duplex may be bought together with an additional 5 units located at 411 Columbus Pkwy, also in Hollywood, for a total of 0.86 acres and $1.4M. Please Call/Text Cami at 561-664-0139 for the offering memorandum and more information.
Property Facts
| Price | $701,915 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.24 AC |
| Property Type | Land | ||
| Zoning | DH-2 | ||
| Price | $701,915 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.24 AC |
| Zoning | DH-2 |
1 Lot Available
Lot
| Price | $701,915 CAD | Lot Size | 0.24 AC |
| Price Per AC | $2,913,477.61 CAD |
| Price | $701,915 CAD |
| Price Per AC | $2,913,477.61 CAD |
| Lot Size | 0.24 AC |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-16-01-4630 | Improvements Assessment | $298,130 CAD |
| Land Assessment | $133,642 CAD | Total Assessment | $448,048 CAD |
Property Taxes
Parcel Number
51-42-16-01-4630
Land Assessment
$133,642 CAD
Improvements Assessment
$298,130 CAD
Total Assessment
$448,048 CAD
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