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Property profile & analytics
OFF-MARKET
Warehouses

231 61st Ter Hollywood, FL 33024

515 SF 0.89 ac lot Built 1952
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US18-9743767
Property summary
AI-generated overview

This exceptional 19,300 square foot vacant lot presents a unique investment opportunity in Hollywood, Florida. Located at 231 N 61st Ter, 33024, this property boasts versatile C-MU zoning, allowing for a wide range of development possibilities. Potential uses include commercial ventures, live-work spaces, multi-family residential buildings, single-family homes, lodging facilities, office spaces, places of worship, schools, and various other commercial applications. Currently utilized as a storage yard, the land offers significant redevelopment potential. Its prime location provides unparalleled accessibility. Situated less than a block from the Florida Turnpike and within three miles of I-95, this property enjoys exceptional connectivity to major transportation arteries. Furthermore, its proximity to the ocean (within five miles), shopping centers, the airport, and major metropolitan areas such as Miami and Fort Lauderdale, enhances its desirability and potential for high returns. The asking price for this remarkable property is $799,999. This is a rare chance to acquire a strategically located parcel with immense development potential in a thriving South Florida market. Don't miss this opportunity to capitalize on the vibrant growth of Hollywood.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD (JUNK, SALVAGE)
Year built 1952
Construction CONCRETE
Total area 515 SF
Lot 0.89 ac (38,703 SF)
Zoning code C-MU
APN 51-41-13-06-0430
UPID US18-9743767
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael James Campi · 2 yrs held
Michael James Campi
since 2024
3 recorded transactions
2024
Price N/A
2022
Price N/A
2020
Price N/A
Zoning & alternative use
C-MU · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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