6140 Hollywood Blvd, Hollywood, FL 33024

The property at 6140–6144 Hollywood Boulevard in Hollywood, Florida, is a retail property with approximately 6,400 square feet of space, offering value-add potential. The building features three retail bays ranging from approximately 1,600 to 3,200 square feet, including one contiguous 3,200 square foot unit that can be subdivided. The current tenants occupy spaces under month-to-month and short-term leases at below-market rents, averaging $19-20 per square foot gross. An investor has the opportunity to increase income by adjusting rents toward market levels of $25–$30 per square foot net. Constructed with a Twin-T concrete roof replaced in 2011, the property is separately metered with three electric meters and two water meters. The layout is suited for local service and retail tenants, providing leasing and re-tenanting flexibility. Located along Hollywood Boulevard with approximately 51,000 vehicles per day, the property has visibility and accessibility, enhanced by two pylon signs. Zoned S-MU (South Mixed Use District) within the Transit Oriented Corridor, the site allows for development of up to 50 dwelling units with a maximum height of 175 feet. A bus stop is located directly in front of the property. The property is located just off Florida Turnpike (SR 91) Northbound at Exit 49, providing access to Hollywood Boulevard /Pines Boulevard, with routes to Orlando and Miami. It is located 0.23 miles from a future Memorial Regional Hospital $670 million Expansion, 3.3 miles from Seminole Hard Rock Hotel & Casino, 4.3 miles from the shops and restaurants of Downtown Hollywood Boulevard, and 4.9 miles from Hard Rock Stadium.