Hollywood Redevelopment
2040 Liberty St Hollywood, FL 33020
For Sale
Contact for pricing
Prime 0.99-acre site with industrial building for sale.
Property Size18,996 SF
Lot Size0.99 Acres
Price / SF$368.50
Days on Market76
Property Features for 2040 Liberty St
General Information
Standard status
Active
Size
18,996 SF
Lot size
0.99 Acres
Property subtype
Industrial
Building Details
Year Built
1958
Listing Agency:
Corcoran
(305) 336-2841
Listed By:
Adam Ziefer · License #3470237
Source:
Crexi
Added: May 15
Changed: Jul 10
Last Checked: Jul 29 at 5:36AM
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 Corcoran
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 For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $455.9k | $24.00 |
| − Vacancy | −$45.6k | −$2.40 |
| EGI | $410.3k | $21.60 |
| − OpEx | −$153.9k | −$8.10 |
| NOI | $256.4k | $13.50 |
18,996 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Self Storage — 19 S 20th Ave, Hollywood, FL 33020
- Flex Moving & Storage — 2719 Hollywood Blvd #1, Hollywood, FL 33020
- ULockStore — 2015 Harrison St, Hollywood, FL 33020
- Nationwide Movers — 430 s dixie hwy, hollywood, fl 33020
- united boat transport & rv transport — 430 s dixie hwy, 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.
