231 61st Ter Hollywood, FL 33024
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-MU · Hollywood, FLHollywood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.