231 61st Ter Hollywood, FL 33024
- Warehouses
- 515 SF
- 0.89 lot acres
May 20, 2024
Current Use by Public Records
- Warehouses
Property Details for 231 61st Ter
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.89 lot acres
- Property size
- 515 SF
- Zone code
- C-MU
- Property type
- Warehouses
- APN
- 51-41-13-06-0430
- APU
- 514113060430
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $450,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $274,000
Market price range: $118k - $274k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.2107
- Latitude
- 26.012
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA