Home » Hollywood » 1318 & 1418 N Ocean Dr, Hollywood, FL 33019 | A11687700

Commercial For Sale 1318 & 1418 N Ocean Dr, Hollywood, FL 33019

$8,500,000
Price has decreased by $2,000,000

Property Highlights

Listing ID A11687700 Status of this Listing: Active For Sale Property Type Land Commercial Lot area 42,085 Sqft/3909.82 m2 approx. Waterfront Seller considers Owner Financing Time of this property on Rebonus 85 Day(s)

1318 & 1418 N Ocean Dr, Hollywood, FL 33019

Property Description: 600 ' on the Intracoastal across from Bulkhead in Hollywood South Central Beach (voted #4 best beach in USA by Traveler 's choice, Trip advisor). Measurements are provided by seller. Survey available. Currently there are state funds to assess if cleanup from 1994 is still needed, current monitoring wells on site. No cost to owner. All of the seawalls in Hollywood need to be raised 12-18 " to adjust for localized flooding. 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. Owner financing is an option. Currently parking lot leased. 2024 NOI approx. $225K from parking alone. $86K gross from 3 rentals. Boat dock income not included.

Useful Info

Previous Asking Price:$10,500,000
Original List Price:$10,500,000

Business Info

Gross Scheduled Income:400000
Financial Data Source:
  • Owner

Land Lot (Parcel) Details

Lot Size Acres:1
Lot Features:
  • <1 Acre
  • Other
Lot Size Unit:Square Feet

Property Features

View from the Property:
  • Bay
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Intracoastal Access
  • Seawall
  • No Fixed Bridges
Road Responsibility:
  • Public Maintained Road

Taxes and Expenses

Tax Annual Amount:$68,976

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:HOLLYWOOD BEACH FIRST ADD
Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Flood ZoneAE
FEMA Flood Zone DesignationsAE
Ref1093577003
Subdivision Number1
Water Access Description:Unrestricted Salt Water Access

Zoning and Legal

Tax Legal Description:HOLLYWOOD BEACH FIRST ADD 1-31 B LOTS 52 TO 54 LESS E 12.80,LOTS 55 THRU 59 LESS E 12.50, LOT 60 LESS E 12.81 & LOTS 61 THRU 64 LESS E 12.50
Real Estate Folio Number (Parcel Number):514212010260
Zoning Description:BRT-25-A
Public Survey Range:51
Public Survey Section:12

Listing History

Update/EventDate/Days
Published Date:November 4, 2024 4:25 pm
On Market Date:November 4, 2024
Price Change Date Time:December 21, 2024 8:55 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:December 21, 2024 8:55 am
Status Last Changed:November 4, 2024 4:25 pm
Photos Last Modified:November 19, 2024 1:59 am
Last Modified:January 17, 2025 6:53 pm
Days on the Market Reference Date:January 17, 2025
Days on the Market (updated on Last Modified*):74
Cumulative Days on the Market (updated on Last Modified**):74

Additional Information

Lot Size Range:Less Than 1 Acre,Other Lot Description
Number of Photos:36
Location:,Beach Area,Less Than 1 Acre,Other Lot Description
Included:,,
Geographical Area:Hollywood East (3010-3050)
Area:3010
Courtesy of:Income Properties South
Universal Property Id:US-12011-N-514212010260-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:1318 & 1418
Street Direction Prefix:N
Street Address:1318 & 1418 N Ocean Dr
City : Hollywood
State : Florida
Zip Code : 33019
County : Broward
Full Address:1318 & 1418 N Ocean Dr, Hollywood, FL 33019
Latitude:N26° 1' 12.8''
Longitude:W81° 52' 58.1''

Neighborhood

Postal City:Hollywood

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