The approved plans for this development will feature a two-story mixed-use building. The first floor will be a spacious 2,562 SF restaurant or bar with outdoor seating, and the second floor will be a 3,168 SF space designed to house two upscale 3-bedroom, 2-bathroom apartments. The subject property is currently being used as a parking lot and generates $5,500 per month on a month-to-month lease. This premier mixed use development site comprises of 5,738 SF, making it an ideal investment opportunity in a thriving area.
The property is currently generating a consistent income of $5,500 per month on a month-to-month lease. This provides an immediate return while you plan and execute your development project. Consider the possibilities with approved renderings and plans. The first floor is designed to be a spacious 2,562 square feet of prime retail space, ready to be transformed into a modern restaurant and bar with inviting outdoor seating, capturing the vibrant energy of the area. The second floor will be 3,168 square feet in size, with enough room for two luxurious 3-bedroom, 2-bath apartments to meet the demand for stylish urban living.
This development site offers a unique combination of location, approved plans, and future value. Whether you're an experienced developer or an owner-user pursuing a passion project, this property sets the stage for an exciting venture that fits in perfectly with the dynamic atmosphere of Downtown Hollywood. The property has high visibility and foot traffic. Because of its strategic location, it is surrounded by a variety of entertainment, dining, and shopping options, making it an ideal location for a dynamic development.
This property offers a one-of-a-kind opportunity for an owner-user with a vision to build their dream restaurant/bar and a distinctive residential experience, all in one development. Take advantage of this opportunity to be a part of Downtown Hollywood's transformation!
John DeMarco
RE/MAX 5 Star Realty
