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5500 N Ocean Dr
Hollywood, FL 33019
5500 N Ocean Dr · Land For Sale
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0.20 AC
Investment Highlights
- Situated directly on the Intracoastal Waterway with approximately 120 linear feet of frontage.
- Allows for the development of up to a three-story building, with a potential layout of three to four units per floor.
- Just one pedestrian block from the white sands of Hollywood Beach, providing easy beach access.
- Potential for an estimated 23% return, appealing to developers or investment groups seeking medium- to long-term profitability.
Property Facts
Description
This prime 8,650+ SqFt waterfront lot in the heart of Hollywood Beach—comprised of two separate folios (5142 01 02 3520 and 5142 01 02 3530)—offers approximately 120 linear feet on the intracoastal with no fixed bridges to the Atlantic Ocean and is just one pedestrian block from the white sands of Hollywood Beach. Zoned for residential, multifamily, lodging, or commercial use, the property allows for the development of up to a three-story building with a potential layout of six units per floor. Located in a high-tourism area with strong growth trends, this is an ideal investment opportunity with an estimated 23% return, making it highly attractive for developers or investment groups seeking medium- to long-term profitability.
Property Taxes
| Parcel Number | 51-42-01-02-3530 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $728,320 |
Property Taxes
Parcel Number
51-42-01-02-3530
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$728,320
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