5500 N Ocean Dr
Hollywood, FL 33019
0.25 acres | #A11810561
Description
This prime 8,650+ SqFt waterfront lot in the heart of Hollywood Beach—comprised of two separate folios (5142 01 02 3520 and 5142 01 02 3530)—offers approximately 120 linear feet on the intracoastal with no fixed bridges to the Atlantic Ocean and is just one pedestrian block from the white sands of Hollywood Beach. Zoned for residential, multifamily, lodging, or commercial use, the property allows for the development of up to a three-story building with a potential layout of six units per floor. Located in a high-tourism area with strong growth trends, this is an ideal investment opportunity with an estimated 23% return, making it highly attractive for developers or investment groups seeking medium- to long-term profitability.
Property Details
- Lot DescriptionBeach Area, Less Than 1 Acre
- SubdivisionHOLLYWOOD CENTRAL BEACH
- Utility FeaturesNo Utilities, None
- Sewer InformationPublic Sanitation
- Utility SourceMunicipal Water
- Property SubtypeCommercial Land
- CountyBroward County
- MLS #A11810561
- MLS #A11810561
- Property TypePurchase
- Cost2700000
- Acres0.25
- Waterfront1
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Morabia Padron (#3583543)
Listing Office: Edivial International Realty (#EDLV01)
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