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192 Development Ave - Live Local Act Redevelopment Opportunity! 1.49 Acres of Commercial Land Offered at $14,950,000 in Hollywood, FL 33020
Investment Highlights
- Live Local Act Redevelopment Opportunity in Broward County!
- Approved Plans for 192 Multifamily Units
- 6,568 SF Ground-Floor Retail Component
- 1.49-Acre Three-Parcel Assemblage
- 11-Story Development (Up to 140’ Height)
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $14,950,000 | Lot Size | 1.49 AC |
| Price Per AC | $10,033,557.05 |
| Price | $14,950,000 |
| Price Per AC | $10,033,557.05 |
| Lot Size | 1.49 AC |
Description
This approved 11-story multifamily project is situated on an approximately 1.49-acre assemblage and features 192 planned residential units with a structured parking design and ground-floor retail component. The development includes a 6,568 square foot commercial space, residential lobby, multi-level parking structure, and an elevated amenity deck with pool, designed to support modern urban living. Qualified under the Live Local Act, the site allows for high-density residential development up to 140 feet. The property currently consists of existing improvements including an operating preschool, an assisted living facility, and a separate parking parcel, providing flexibility during the redevelopment process.
Property Taxes
| Parcel Number | 51-42-16-01-0010 | Improvements Assessment | $13,765,110 |
| Land Assessment | $2,584,850 | Total Assessment | $16,349,960 |
Property Taxes
Presented by
192 Development Ave - Live Local Act Redevelopment Opportunity!
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