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1318 N Ocean Blvd 0.84 Acres of Commercial Land Offered at $9,100,000 in Hollywood, FL 33019

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Executive Summary

Approx. 520' PARALLEL DOCKAGE on the Intracoastal across from Bulkhead in Hollywood South Central Beach. Survey available. Current monitoring wells on site. All of the seawalls in Hollywood need to be raised 12-18" to adjust for localized flooding and is in permitting process. Majority of City Hollywood Beach CRA improvements have been completed including street widening, wide, customized sidewalks, underground utilities, etc. Parallel dockage for owner possible. Property transfers as is. Currently parking lot leased. 2024 NOI approx. $225K from parking alone. Prime investment opportunity in Hollywood South Central Beach which is #4 on Best Beaches in USA by Travelers Choice / Trip Advisor! No fixed bridges to cruise the intracoastal or hinder ocean access!
Paying outrageous boat dock fees? Pay no more...own your own dock! Centrally located in South Florida. NOTE: 7 lots towards the ocean currently used as parking lot also available across the street !
Ideal 1031 tax exchange property. Close with cash or owner financing.
Current income from parking lot and boat slips. Hollywood Beach CRA has been undergoing major updates and development. Here's your chance to get a piece of real estate between the ocean and intracoastal! Buyer should verify all information.

MAP

1318 N Ocean City of Hollywood FL Zoning Map

bcpa 1318 and 1418

Property Facts

Price	$9,100,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Health Club Hotel Lodge or Meeting Hall Parking Lot Schools
No. Lots	1	Total Lot Size	0.84 AC
Property Type	Land	No. Stories	1
Zoning	BRT-25-A1A-C - BRT-25-A1A-C Beach Resort A1A Commercial District Commercial Hotel Motel Office Public meeting places special exc for places of worship school clubs

Price	$9,100,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Health Club Hotel Lodge or Meeting Hall Parking Lot Schools
Total Lot Size	0.84 AC
No. Stories	1
Zoning	BRT-25-A1A-C - BRT-25-A1A-C Beach Resort A1A Commercial District Commercial Hotel Motel Office Public meeting places special exc for places of worship school clubs

1 Lot Available

Lot

Price	$9,100,000	Lot Size	0.84 AC
Price Per AC	$10,833,152.78

Price	$9,100,000
Price Per AC	$10,833,152.78
Lot Size	0.84 AC

Currently zoned commercial, Approx 500' on intracoastal with boats slips & parking lot. Last of the large lots available Hollywood South Central Beach! Beautiful views of the intracoastal which is protected from development by West Lake Park.

Description

Parking Lot & Boat Dock on intracoastal with ocean access. Approx. 500' on the intracoastal with leased boatslips. The property is lined with paid parking managed by ASTA ($225K net). Additional lots across the street could be available to meet developer needs. World Famous Margaritaville Restaurant (across street is the Resort) to the south. All info to be verified.