Hollywood Redevelopment
For Sale
$7,000,000
2040 Liberty St, Hollywood, FL 33020
Prime 0.99-acre site with industrial building for sale.
Property Size18,996 SF
Lot Size0.99 Acres
Price / SF$368.50
Days on Market168
Property Features for 2040 Liberty St
General Information
Standard status
Active
Size
18,996 SF
Lot size
0.99 Acres
Property subtype
Commercial
Site & Location
Neighborhood
North Central
Amenities
Concrete Flooring
Building Details
Year Built
1958
Listing Agency:
Surfside / Bal Harbour
Listed By:
Adam Ziefer · License #SL3470237
(305) 336-2841
Source:
Corcoran
Added: May 14
Changed: Oct 26
Last Checked: Oct 28 at 8:14AM
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 Surfside / Bal Harbour
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Investment Insights
Based on property information with market context.
This offering presents a rare redevelopment opportunity encompassing approximately 0.99 acres within Hollywood's Regional Activity Center (RAC), situated along the Dixie Highway corridor. The site features an 18,996 square foot industrial building, constructed in 1958 with an effective year of 1961. Currently owner-occupied for storage and e-commerce purposes, the building will be delivered free of leases upon closing. The property offers two potential avenues for value creation: continuation as an owner-user or income-producing industrial asset, or redevelopment of the site under the higher-density mixed-use entitlements available along the corridor. Prior references suggest potential support for up to 14 stories or approximately 128,829 square feet, although buyers should independently verify this information with the City of Hollywood. The location benefits from active institutional capital deployment in the vicinity, with recently approved mid-rise multifamily and mixed-use projects along the Dixie Highway and Federal Highway corridors. Its location provides convenient access to I-95, US-1, Hollywood Beach, downtown Hollywood, and FLL airport, positioning it equidistant between Miami and Fort Lauderdale. The parcel ID is 514203100995.
Key Highlights
- Rare ±0.99‑acre redevelopment opportunity in Hollywood's Regional Activity Center (RAC).
- Potential for higher‑density mixed‑use redevelopment, with prior references indicating support for up to 14 stories / ±128,829 SF (buyer to verify).
- Delivered free of leases, offering immediate owner‑user or income‑producing potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,446
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,128,920
$5.1M
Cap Rate 7%
$3,663,514
$3.7M
Cap Rate 9%
$2,849,400
$2.8M
Market Conditions
NOI Build-Up for 18,996 SF
Gross rent
$455.9K $24.00/SF
− Vacancy
−$45.6K −$2.40/SF
EGI
$410.3K $21.60/SF
− OpEx
−$153.9K −$8.10/SF
NOI
$256.4K $13.50/SF
Area
Hollywood, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,128,920
Cap Rate 7%
$3,663,514
Cap Rate 9%
$2,849,400
Alternative Uses
Best Use
Mixed Use
$3.66M
$3.21M – $4.27M
NOI $256,446 @ 7.0% cap · market cap 3.66%
Second Best
Warehouse
$2.92M
$2.56M – $3.41M
NOI $204,610 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$7.43M
$6.50M – $8.67M
NOI $520,186 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,440
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Nationwide Movers — 430 s dixie hwy, hollywood, fl 33020
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- ULockStore — 2015 Harrison St, Hollywood, FL 33020
- Self Storage — 19 S 20th Ave, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Warehouse - Prime 0.99-acre site with industrial building for sale.
Where is this warehouse located?
The property is located at 2040 Liberty St Hollywood, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Rare ±0.99‑acre redevelopment opportunity in Hollywood's Regional Activity Center (RAC).; Potential for higher‑density mixed‑use redevelopment, with prior references indicating support for up to 14 stories / ±128,829 SF (buyer to verify).; Delivered free of leases, offering immediate owner‑user or income‑producing potential.
