5500 N Ocean Dr, Hollywood FL 33019,Hollywood,Broward County,Commercial Land

Property ID: A11810561
Price: $2,700,000
Land Area: 0.25 Square Feet
Property Status: Commercial Land

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.