219 N 21st Ave

Investment Highlights

Downtown Hollywood Free-Standing Commercial Building Located in Opportunity Zone 8.85% Projected Capitalization Rate A+ Location in Downtown Hollywood Owner User can Occupy up to 5,000 SF Perfect for Owner User or an Investor!

Executive Summary

Prime Downtown Hollywood, FL location! This landmark building is the former famous Hemingway's bar and lounge. Located in the heart of Downtown Hollywood Florida, this building is situated in an A++ location. This property has undergone extensive improvements: new bathroom, new central AC system, new roof paint and much more. The 5,000 SF second floor is vacant and ready to move-in for an owner user. An investor can lease the space at $39.21 per SF NNN, when fully leased this building will be netting $264,949 a year providing an investor with a strong 8.85% capitalization rate.The immediate area has over 5,000 new permanent residences coming online in the near future with over 1 billion in new construction projects approved and breaking ground in the near future. Current occupants of Downtown Hollywood enjoy all the benefits of a downtown workplace which include great business visibility, desirable employee work-place location, close proximity to top restaurants and nightlife, major national events, ample parking next near parking garage and much more.For additional information call broker directly, do not disturb this property or business.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Bar General Retail Restaurant OfficeLoft Creative Space Storefront Retail/Office
• Building Size    10,378
• Building Class    C
• Year Built/Renovated    1924/2022
• Price    2,995,000
• Price Per SF    289
• Percent Leased    4
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.95
• Land Acres    0.25 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Pylon Sign
• Signalized Intersection