Ground-Floor Retail Shell
For Sale
Contact for pricing
2001 Hollywood Boulevard, Hollywood, FL 33020
New mixed-use ground-floor retail and restaurant spaces delivered in grey shell for tenant-customized buildouts.
Property Size523,233 SF
Price / SF$0.00
Days on Market135
Property Features for 2001 Hollywood Boulevard
General Information
Standard status
Active
Size
523,233 SF
Property subtype
Retail
Site & Location
Neighborhood
Royal Poinciana
Additional Details
Multifamily Units
324
Building Details
Year Built
2024
Listing Agency:
Native Realty Co.
Listed By:
Jaime Sturgis · License #3246270
(954) 595-2999
Source:
Lehmannflorida
Added: Jun 16
Changed: Oct 27
Last Checked: Oct 28 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Native Realty Co.
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Investment Insights
Based on property information with market context.
This newly constructed mixed-use development includes approximately 26,415 SF of ground-floor retail space with a total of 324 residential units above. The available storefront options include multiple spaces delivered in grey shell condition, giving tenants flexibility to customize their interiors and finishes. Select endcap opportunities are noted for enhanced visibility and signage exposure. One suite is described as partial build out, while others are shell space and may vary by whether the space will be demised; select configurations are expected to change among the listed suites.
The project is positioned in the heart of Downtown Hollywood, located between Hollywood Boulevard and Tyler Street. The offering is designed for active retail and restaurant leasing along a major Broward County commercial corridor, supported by the presence of the residential component above.
For tenants, the combination of shell and partial buildout space supports a range of retail, dining, showroom, and service-oriented concepts, with endcap options available for users prioritizing frontage and signage exposure. The grey shell delivery is well suited for operators who want control over layout and buildout while benefiting from a ground-floor retail environment integrated with the on-site residential community.
The project is positioned in the heart of Downtown Hollywood, located between Hollywood Boulevard and Tyler Street. The offering is designed for active retail and restaurant leasing along a major Broward County commercial corridor, supported by the presence of the residential component above.
For tenants, the combination of shell and partial buildout space supports a range of retail, dining, showroom, and service-oriented concepts, with endcap options available for users prioritizing frontage and signage exposure. The grey shell delivery is well suited for operators who want control over layout and buildout while benefiting from a ground-floor retail environment integrated with the on-site residential community.
Key Highlights
- New 2024 mixed‑use development with approximately 26,415 SF of ground‑floor retail/restaurant space
- Up to 324 residential units above the retail level, creating an on‑site built‑in customer base
- Ground‑floor spaces delivered in grey shell condition for tenant‑customized buildouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,278,380
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,567,600
$145.6M
Cap Rate 7%
$103,976,857
$104.0M
Cap Rate 9%
$80,870,889
$80.9M
Market Conditions
NOI Build-Up for 523,233 SF
Gross rent
$11.30M $21.60/SF
− Vacancy
−$904.1K −$1.73/SF
EGI
$10.40M $19.87/SF
− OpEx
−$3.12M −$5.96/SF
NOI
$7.28M $13.91/SF
Area
Hollywood, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,567,600
Cap Rate 7%
$103,976,857
Cap Rate 9%
$80,870,889
Alternative Uses
Best Use
Apartment 5plus
$124.59M
$109.02M – $145.35M
NOI $8,721,232 @ 7.0% cap · market cap 17,442,464.00%
Second Best
Retail
$103.98M
$90.98M – $121.31M
NOI $7,278,380 @ 7.0% cap · market cap 14,556,760.00%
Theoretical Best
Office A
$204.69M
$179.10M – $238.80M
NOI $14,328,212 @ 7.0% cap · market cap 28,656,424.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
324
Residential units
Location Intelligence
Trade Area within ½ mile
4,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - New mixed-use ground-floor retail and restaurant spaces delivered in grey shell for tenant-customized buildouts.
Where is this apartment building located?
The property is located at 2001 Hollywood Boulevard Hollywood, FL.
What are key features of this property?
This property features: New 2024 mixed‑use development with approximately 26,415 SF of ground‑floor retail/restaurant space; Up to 324 residential units above the retail level, creating an on‑site built‑in customer base; Ground‑floor spaces delivered in grey shell condition for tenant‑customized buildouts
