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5000 Hollywood Boulevard

Hollywood, FL

MLS#: B26007947

$1,850,000

Status: Active
Listing number: B26007947
Listing provided by: Compass Florida, LLC
Listing agent phone: None
Last update: a month ago
On site: 2 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1972

Sq.Footage

9,248

PRIME LOCATION! Amazing Opportunity to OWN 7 Commercial Spaces in one Building on the Busiest Highways in Hollywood. 29 Parking Spaces! Perfect for multiple types of business and offices. Easy access to both I-95 and Turnpike.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.34

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $1,850,000

  • Tax Amount

    $34,211.16

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Broward

Elementary School

Middle School

High School

Listing Courtesy of Rachel C Buemi , Compass Florida, LLC

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FOUNDER

Hals Blanc

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(954) 599-9056

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PRIME LOCATION! Amazing Opportunity to OWN 7 Commercial Spaces in one Building on the Busiest Highways in Hollywood. 29 Parking Spaces! Perfect for multiple types of business and offices. Easy access to both I-95 and Turnpike.

5000 Hollywood Boulevard

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Related Properties

The Buchanan St / N 20th Ave assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948, 1952 Buchanan Street, & 615 N 20th Ave, totaling 9 units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the asset generates immediate cash flow with an estimated 5% cap rate. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential of 29-32 Unit subject to zoning and site approval. Executive Summary The Buchanan Street / North 20th Avenue assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948 Buchanan Street, 1952 Buchanan Street, and 615 North 20th Avenue, totaling nine residential units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the asset generates immediate cash flow with an estimated 5% capitalization rate, providing investors with stable income from day one while preserving the flexibility to pursue future redevelopment. Unlike traditional development sites that often require carrying costs without income, this assemblage allows investors to collect revenue while planning and entitling a higher-density project. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. This structure significantly reduces the purchaser's upfront equity requirement, improves cash-on-cash returns, and creates positive leverage that may outperform conventional financing alternatives. In today's lending environment, access to favorable seller financing represents a substantial economic advantage and may allow investors to achieve enhanced returns while preserving capital for future improvements or development activities. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential. Based upon preliminary planning assumptions, the assemblage may support a future residential development program of approximately 29 to 32 units, subject to zoning verification, site planning, parking requirements, utility capacity, and municipal approvals. The combination of existing income, assembled land area, and redevelopment flexibility creates a compelling covered-land investment strategy. Investment Highlights Current Yield Strategy Nine-unit multifamily assemblage with immediate income. Estimated 5% in-place capitalization rate. Rear gated parking area providing operational flexibility and tenant appeal. Potential for continued rental growth through proactive asset management. Enhanced Returns Through Seller Financing Seller willing to hold a purchase money mortgage. Approximately 40% down payment requirement. Below-market interest rate. Improved cash-on-cash returns and reduced equity exposure. Ability to preserve capital for future value-add improvements or redevelopment planning. Future Development Opportunity Preliminary redevelopment potential of approximately 29 to 32 residential units. Located within a rapidly evolving East Hollywood corridor benefiting from continued investment and redevelopment activity. Opportunity to create substantial land value through future entitlement and development. Existing income stream helps offset carrying costs during the planning and entitlement process. The Buchanan Street assemblage is therefore positioned as more than a traditional multifamily acquisition. It is a strategic Mid-Core investment offering three distinct value drivers: immediate cash flow, favorable seller financing, and long-term redevelopment optionality. Few opportunities offer investors the ability to generate current income, enhance returns through attractive financing terms, and maintain control of a site with meaningful future development potential.
#B26034874

Hollywood

1948 Buchanan Street

None Beds

None Baths

5,613 Sq.Ft.

$1,875,000

MLS#: B26034874

- property

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