601 N 21st Avenue,Hollywood, FL 33020
Hollywood, FL 33020
Description
601 S 21st Ave presents a unique owner-user and investment opportunity in the heart of Hollywood, Florida. The property consists of a 12,150 SF multi-tenant office/flex building strategically located on Dixie Highway, just minutes from Young Circle and the city’s rapidly evolving downtown district. Approximately 5,000 SF is available for immediate occupancy, making it ideal for an owner-user seeking to establish or expand operations while benefiting from existing rental income. The remaining space is leased to five tenants, generating approximately $15,000 per month in revenue and helping offset occupancy costs. The property offers a flexible layout suitable for a variety of office, showroom, creative, and professional uses. In addition to its current cash flow, the asset provides substantial long-term value through its desirable location and redevelopment potential. Zoned DH-3, the property allows for development up to 10 stories with no maximum residential density, creating a compelling opportunity for future mixed-use or residential redevelopment. Positioned within one of South Florida’s fastest-growing urban corridors, the property benefits from strong demographics, increasing investment activity, and proximity to restaurants, retail, entertainment, and major transportation routes. This offering combines stable in-place income, owner-user functionality, and significant future upside in a highly desirable Hollywood submarket.
Details
| MLS # | A12042627 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 78 |
| Listing Provided By | APEX Capital Realty LLC | Jason Joseph Abitbol |
Features
| SQ Feet | 12,150 |
|---|---|
| Zoning | DH-3 |
| Acreage | 0.37 |
Taxes
| Tax Annual Amount | 46952 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Listing VS Median (in 33020) | |
Price: $3,750,000 low | high Med: $6,500 sqft: 12,150 low | high Med: 1,946 $ / sqft: $309 low | high Med: $3 On site: 78 low | high Med: 122 | |
Market Activity 33020
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Listing VS Median (in 33020) | |
Price: $3,750,000 low | high Med: $6,500 sqft: 12,150 low | high Med: 1,946 $ / sqft: $309 low | high Med: $3 On site: 78 low | high Med: 122 | |
