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    777 Ocean Dr Hollywood, FL 33019

    Sponsored
    For Sale
    $1,400,000

    Prime Location, 2,091 sq ft, Vacant

    Property size:
    2,091 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,091 square foot vacant commercial space, located at 777 N Ocean Dr, Unit N106 in Hollywood, Florida (33019), presents a unique investment opportunity. Built in 2019, this mixed-use property is ideal for a bar, executive office, or shopping center. Situated in a bustling tourist area, just steps from the beach and Hollywood Broadwalk, the space boasts heavy foot traffic and is surrounded by hotels, shops, offices, and restaurants. The raw space allows for complete customization to suit your business needs. With abundant natural light and a prime location within a thriving commercial district, this property offers significant potential. The area boasts impressive consumer spending exceeding $700,000,000 within a two-mile radius and average household incomes exceeding $90,000 within the same area. The asking price is $1,400,000 ($669.54/sq ft). Adjacent unit N107 is also available for sale or lease. This presents the possibility of acquiring both units for a larger footprint.

    Property Features for 777 Ocean Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    2,091 SF

    Building Details

    Year Built
    2019

    HighLights

    • 2,091 SF vacant commercial space in Hollywood, FL (33019), built in 2019.
    • High foot traffic location on N Ocean Dr, near the beach and Hollywood Broadwalk.
    • $700M+ retail consumer spending within a 2‑mile radius.
    • Average household income exceeding $90,000 within a 2‑mile radius.
    • Turnkey space with abundant natural light, ideal for build‑out.
    • Prime location in a thriving commercial district.
    Property Profile Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm Sunset Club | Rooftop ... Bar Castro Dumpster Services Garbage Collection Service Hollywood Beach Condo ... Resort Hotel Cielo Stays Vacation Home Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.116861
    Latitude
    26.0168953

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Location, 2,091 sq ft, Vacant
    Where is this lifestyle center located?
    The property is located at 777 Ocean Dr Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 2,091 SF vacant commercial space in Hollywood, FL (33019), built in 2019.; High foot traffic location on N Ocean Dr, near the beach and Hollywood Broadwalk.; $700M+ retail consumer spending within a 2-mile radius.
    Request Owner's contact information
    777 Ocean Dr Hollywood, FL 33019
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    Hollywood, FL 33019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    777 Ocean Dr Hollywood, FL 33019
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