Office building with Development opportunity on second lot available. Added value strategy or buy and hold. Located in the Transit Oriented Corridor. 1.81 Acres in total in SMU zoning, one of the most development friendly zoning in Hollywood. 175 Feet Max height, Density at 50 units per acre for MF, or 100 rooms for Hotel. Mixed use zoning - S-MU – South Mixed-Use District. Permitted uses are:
Multi-Family Residential, Office, Parking Lots and Garages (commercial), Hotel, Retail and Much More. Please see attachments for more info.
About lease in Existing office building: 10,388 sq ft building. First floor is leased through 2023 to Wells Fargo on NNN lease, Second floor with a an area of 5167 sq ft is available for immediate occupancy. For more info check attached files.