Hollywood, FL 330202424-2430 Hollywood Boulevard

RETAIL/RESIDENTIAL BUILDING FOR SALE

CONTACT INFORMATION

Marty Busekrus, SIORManaging DirectorEmail: MBusekrus@Ciminelli.comDirect: (954) 953-8509Mobile: (954) 464-4653

Angelo A. Paladino III, MSREDSenior DirectorEmail: APaladino@Ciminelli.comDirect: (954) 953-8507Mobile: (501) 764-8335

Primary Contact

2424-2430 Hollywood Boulevard • Hollywood, Florida 3Ciminelli Real Estate Services

2424-2430Hollywood Blvd

Hollywood, FL 33020

PROPERTY DESCRIPTION2424-2430 Hollywood Boulevard is a 2-story, 10,355 square foot mixed-use building in Hollywood, Florida. Completed in 1954, the property combines opportune ground-level retail and second level living spaces with exceptional frontage directly on the South side of Hollywood Boulevard. This stretch of Hollywood Boulevard recently underwent a substantial modernization and landscape upgrade by the City of Hollywood. The newly designed streetscape is ideal for pedestrians, bicycles and auto traffic alike which will attract many more pedestrians and shoppers to the area for years to come.

2424-2430 Hollywood Boulevard is ideally sited near Hollywood’s bustling downtown and the Young Circle Opportunity Zone. Logistically the site is located five minutes East of I-95 and the Tri-Rail Station, ten minutes East of the Florida Turnpike, fifteen minutes South of Fort Lauderdale-Hollywood International Airport and Port Everglades.

ADDRESS2424-2430 Hollywood Boulevard, Hollywood, FL 33020

YEAR BUILTConstructed in 1954

APPROXIMATE LAND AREAThe subject property contains approximately 0.39+ AC (17,057 square feet)

ZONINGThe parcel has incredible potential for future development as it is located within the City of Hollywood’s recently designated Regional Activity Center (RAC). The Hollywood RAC was created in order to attract high intensity, high density multi-use development along the Hollywood Boulevard and Dixie Highway Corridors.

The parcel was recently rezoned by the City of Hollywood to be included in the RAC designation as RC-1, or “Retail Core”. Only properties that have direct frontage on Hollywood Boulevard starting Eastward at I-95 and ending one block West of Old Dixie Highway are included in this designation.

The property is zoned RC-1, which means a developer can build a mixed use tower up to a height of 7 stories (75’ max) with a maximum of 2.75 FAR. Ground-floor space must be a retail or office use. Above ground-floor may be residential with unit minimums being 450 sf and requiring a unit size average of 650 sf. Minimum setback requirements are favorable at only 10’ for all frontages, with the exception of Hollywood Blvd, which is only 5’, and Side Interior at 0’.

PROPERTY OVERVIEW

2424-2430 Hollywood Boulevard • Hollywood, Florida 4Ciminelli Real Estate Services

LOCATION/ACCESSAccess to the Property is provided by Hollywood Boulevard and S 29th Terrace with the former featuring abundant streetside parking for customers and the latter being the entrance for tenants, employees, and commercial deliveries. Hollywood Boulevard is the main East-West thoroughfare for the City of Hollywood with direct connections to I-95, Florida Turnpike, Old Dixie Highway, and US 1. The City of Hollywood via the Complete Streets Project has recently added a new crosswalk within 10 feet of this property’s Hollywood Boulevard frontage, giving tenants a new opportunity to capture additional revenue from increased pedestrian traffic.

PROPERTY OVERVIEW

11/11/2019 Document (4000×3000)

https://www.hollywoodfl.org/ImageRepository/Document?documentID=9163 1/1

11/11/2019 Document (4000×3000)

https://www.hollywoodfl.org/ImageRepository/Document?documentID=9163 1/1

New Median, Street Side Parking Spaces and CrosswalkAFTER

BEFORE11/11/2019 Document (4000×3000)

https://www.hollywoodfl.org/ImageRepository/Document?documentID=9164 1/1

PARKINGParking is divided across two areas. 15 tenant spaces may be accessed via S 29th Terrace on the South side of the Property and the newly renovated Hollywood Boulevard now offers 5 curbside and 10 median public parking spaces all within a one minute or less walk from the property’s 100’ of frontage.

Potential placement of Tenant parking spaces

2424-2430 Hollywood Boulevard • Hollywood, Florida 5Ciminelli Real Estate Services

PROPERTY OVERVIEW

LOCATION

Address 2424-2430 Hollywood Blvd

City/State/Zip Hollywood, FL 33020

Frontage 100’ along Hollywood Blvd

PUBLIC RECORD

Parcel ID 51-42-16-01-7430

Acreage 0.39 Acres

Land SF 10,143 square feet

Zoning RC-1

PHYSICAL

Built 1954

Construction Type Concrete block & stucco

Roof Flat, built-up

Stories 2

Parking 15 spaces

Unit Mix Retail & Apartments

UNIT DESCRIPTION SF

VACANT RETAIL 4,500

B2B Coffee Supply Vendor 2,620

Miguel Javier Tio (Barber) 600

1/1 Apartment 430

2/1 Apartment 950

Subtotal 9,100

Storage Unit 1,043

TOTAL SF 10,143

2424-2430 Hollywood Boulevard • Hollywood, Florida 6Ciminelli Real Estate Services

FLOOR PLANS

EASTERN-MOSTGROUND-LEVEL RETAIL SPACE

(Largest and Available)

SECOND FLOORLIVING UNITS

(2 Units)

2424-2430 Hollywood Boulevard • Hollywood, Florida 7Ciminelli Real Estate Services

PROPERTY OVERVIEW

PROPERTY PHOTOS

2424-2430 Hollywood Boulevard • Hollywood, Florida 8Ciminelli Real Estate Services

PROPERTY OVERVIEW

AERIAL PHOTOS

95

Aerial photos captured before Hollywood Blvd improvements