2524 Hallandale Bch Blvd, Hallandale Beach, FL 33009
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2524 Hallandale Bch Blvd
- Property type
- Commercial real estate
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 24, 2020 | — | Red 25 LLC | — | Deed · related | $1.3M · Nwl 2016 Evergreen LP |
| Dec 21, 2017 | — | Red 25 LLC | — | Deed · related | $1.3M · Nwl 2016 Evergreen LP |
| May 2, 2017 | — | Red 25 LLC | — | Deed · related | $1M · New Wave Loans Resid'l |
Description
This exceptional 18,729 square foot commercial and residential land parcel, located at 2524 E Hallandale Beach Blvd in Hallandale Beach, Florida (zip code 33009), is offered at $4,500,000 ($266/sq ft). Situated in the CCB - CITY CENTRAL BUSINESS DISTRICT zoning area of Broward County, this property comes with approved plans for a 21-unit building. The approved plans allow for flexible usage, including short-term and nightly residential rentals, long-term residential rentals, or condominium sales. Conservative estimates project a 6.4% return on investment for short-term rentals after accounting for land acquisition, construction, ongoing maintenance, and management. This presents a unique opportunity for investors seeking a high-return property with pre-approved development plans in a prime Hallandale Beach location. The property's versatility and strong projected ROI make it an attractive investment prospect. The approved plans are provided with the purchase of the vacant land.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.123779046041
- Latitude
- 25.985681322711
