601 S 21st Ave presents a unique owner-user and investment opportunity in the heart of Hollywood, Florida. The property consists of a 12,150 SF multi-tenant office/flex building strategically located on Dixie Highway, just minutes from Young Circle and the city’s rapidly evolving downtown district. Approximately 5,000 SF is available for… Read More immediate occupancy, making it ideal for an owner-user seeking to establish or expand operations while benefiting from existing rental income. The remaining space is leased to five tenants, generating approximately $15,000 per month in revenue and helping offset occupancy costs. The property offers a flexible layout suitable for a variety of office, showroom, creative, and professional uses. In addition to its current cash flow, the asset provides substantial long-term value through its desirable location and redevelopment potential. Zoned DH-3, the property allows for development up to 10 stories with no maximum residential density, creating a compelling opportunity for future mixed-use or residential redevelopment. Positioned within one of South Florida’s fastest-growing urban corridors, the property benefits from strong demographics, increasing investment activity, and proximity to restaurants, retail, entertainment, and major transportation routes. This offering combines stable in-place income, owner-user functionality, and significant future upside in a highly desirable Hollywood submarket. Read Less
Courtesy of APEX Capital Realty LLC 305-570-2600
Listing Snapshot
Days Online
1
Last Updated
Property Type
Office
Square Ft.
12,150
Lot Size
0.37 Acres
Year Built
1957
MLS Number
A12042627
30 Days Snapshot Of 33020
$242k
+1%
(avg) sold price
3
-25%
homes sold
418
+186%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1957, Toal building area: 12150
Lot
0.37 acres
Property
Zoning: DH-3
Taxes
Annual amount: $46,952
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