$5,000,000
Exceptional shovel-ready development opportunity on Federal Highway. The property includes a fully approved mixed-use project with all major governmental approvals in place, allowing a buyer to move directly into construction. Approved plans include a 10-story building with 64 residential condominium units and 3 ground-floor retail spaces. Construction permits have been approved, permit fees have been paid, and the project is ready to break ground. A construction loan has already been approved by a bank, subject to the lender's final closing requirements and underwriting conditions, providing a significant advantage by reducing financing time and development risk. Investors may acquire the entire project or purchase a 50% ownership interest, creating an excellent opportunity for developers, builders, institutional investors, or joint venture partners. The property's location on Federal Highway offers outstanding visibility, strong traffic counts, easy access to major highways, shopping, restaurants, beaches, airports, and employment centers. This is a rare opportunity to acquire a fully entitled development with approvals already secured, saving years of planning, engineering, zoning, and permitting. All information, approved plans, surveys, engineering documents, and due diligence materials are available upon request. Buyer shall verify all information, approvals, financing terms, dimensions, and development requirements independently.
A12055680
MLS
1109 N Federal Highway, Hollywood
