330 Hayes StHollywood, FL 33019

Property Details for 330 Hayes St

Year built

2013

Lot size

0.23 AC

Property size (Sq ft)

4,223 SF

Zone code

BRT-25-C

Property type

Retail properties

Property subtype

Parking lots & garages

APN

51-42-12-01-0680

APU

514212010680

Description

This exceptional investment opportunity presents a 32,993 square foot covered parking lot strategically located in Hollywood, Florida, at 330 Hayes St, zip code 33019. Situated just steps from the renowned Hollywood Boardwalk and the beach, this property offers immediate income generation from its established parking operations. The land comprises seven folios and nine city lots, providing significant potential for future redevelopment. The asking price is $12,000,000. This prime location in Broward County ensures high demand and consistent revenue streams from parking, making it an attractive asset for both short-term income and long-term development prospects. The property's proximity to the beach and boardwalk guarantees high traffic volume and visibility, enhancing its value and appeal. The existing parking infrastructure is in place and operational, providing immediate cash flow. This presents a unique opportunity to acquire a well-positioned asset with both immediate return and significant future upside potential. The substantial size of the land parcel, combined with its exceptional location, makes it an ideal candidate for various redevelopment projects, catering to the growing demand for commercial and residential properties in this thriving coastal area. This is a rare chance to secure a highly desirable piece of real estate in a prime location with proven income and substantial future development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,220,962

  6.5%

  $2,050,119

  7%

  $1,903,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,564,124

  Geo Method

  $4,564,124

• Alternative Use

  Use

  Valuation

  Residential

  $1,729,352

  Hospitality

  $1,584,077

  Educational

  $1,317,934

  Medical

  $1,363,259

  Retail

  $2,050,119

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.021

Longitude

-80.1162

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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