The City of Hollywood is preparing to sell the property, which consists of an approximately 0.45 acre (approximately 19,600 Square Feet) parcel. It was previously the site of a commercial building, which was demolished.
Strong daytime employment, commercial activity and proximity to downtown create conditions to support redevelopment. The site is well served by major roads and highways including Dixie Highway, Sheridan Road, Hollywood Boulevard. Interstate 95 is located approximately 2.0 miles west of the site. The immediate vicinity of N. Federal Highway (approximately one-mile radius) from the subject property has the following characteristics according to ESRI Business Analyst: a total population of 23,013, total employment of 12,203, and 1,945 businesses. It is located 0.64 miles from Downtown Hollywood and is along one of the busiest Transit corridor's in Broward County.
Hollywood is the 3rd largest city in Broward County and is strategically located on the South Florida coast between Fort Lauderdale and Miami. Hollywood is adjacent to the Fort Lauderdale-Hollywood International Airport and is the primary home to Port Everglades. In addition to its proximity to I-95 and the Florida Turnpike, Hollywood is home to two Commerce/Industrial Parks and has a growing niche in Professional Services and Health Care. There is over $1.65 billion in real estate development planned or under construction throughout the city with key commercial corridors offering additional redevelopment opportunities. Downtown Hollywood is easily accessible to South Florida's major cities and will offer new convenient connections through a proposed Tri-Rail Coastal Link passenger service creating redevelopment opportunities for mixed-use, transit-oriented projects that provide the urban lifestyle many residents and visitors are seeking.
Hollywood attracts visitors from around the world who come to stay along its historic oceanfront Broadwalk. This 2.5-mile pedestrian walkway is just steps from the Atlantic and is lined with shops, restaurants and accommodations to fit every taste and budget. The city boasts a high quality of life with more than 60 parks, including three municipal golf courses and a wide variety of recreational amenities including a nearly 10-acre urban park and the Arts Park at Young Circle in the heart of its Downtown, which hosts outdoor concerts, special events, and a burgeoning arts scene.