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Building Description
Executive Summary
This freestanding commercial building represents an exceptional turn-key investment, and a rare value added opportunity in Hollywood, FL. Operating under a passive Triple Net (NNN) lease, the property delivers immediate, stable cash flow with zero landlord maintenance responsibilities. Cataloged under flexible C-3 zoning allowing for vertical development of up to 7 stories, and boasting an active city pre approval to double its current square footage. This asset is perfectly positioned for forward-thinking investors and developers looking to maximize returns in a high-demand market.
Approved Uses by Zoning — Medium Intensity Commercial (C-3)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Apartment on the second floor and above (cannot exceed 50% of total floor area of the building), Assembly of premanufactured parts for sale on the premises (see Sec. 4.21), Commercial uses, except Self-Storage Facilities, Consignment shops, Hotels & Motels, Offices, Pain Management Clinics (see Sec. 4.22.R), Personal Services, Places of worship, meeting halls and fraternal lodges, Psychic Help Uses, Retail (indoor/outdoor) (see performance standards Sec. 4.3.J), Substance Abuse and Rehabilitation Centers (see Sec. 4.22.R), Thrift Shops (see performance standards Sec. 4.3.J), Adult Educational Facilities (see Art. 2 Definitions)
With special approval
Day Care Facilities, School, public or private, Service Stations
Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
8,371
Population
$94,297
Median Household Income
35
Median Age
2,435
Households
$359,100
Median Home Value
Household Income of 2,435 households
<$50k575 24%
$50–100k702 29%
$100–150k610 25%
$150k+548 23%
Age of 8,371 residents
Under 182,206 26%
18–341,913 23%
35–542,265 27%
55–641,143 14%
65+844 10%
Trade-Area Rings · Distance from Property
Everyone living within a straight‑line radius of the property — the classic retail trade area. Each ring is cumulative (the 3‑mile total includes the 1‑mile).
1 Mile
26,656
population
8,387 households
$89,970 avg income
3 Miles
174,033
population
58,188 households
$90,730 avg income
5 Miles
436,160
population
153,542 households
$87,920 avg income
Frontage Traffic vs. Palm Beach County's Busiest Roads
This property fronts Taft St. Below, its measured daily traffic (FDOT count) is compared to five of the county's busiest roads — I‑95, Florida Turnpike, Okeechobee Blvd, US‑1/Federal Hwy, and Military Trail (approximate peak AADT) — to show how much exposure the location gets.
35,000vehicles / day on Taft St (AADT)
I‑95 (interstate)255,000
Florida Turnpike95,000
Okeechobee Blvd62,000
US‑1 / Federal Hwy46,000
Military Trail40,000
◆ Taft St35,000
This frontage carries about 14% of I‑95's volume — solid commercial‑corridor traffic. County roads shown are approximate peak AADT.
FDOT count stations on Taft St 35,000 AADT (2025) 23,000 AADT between UNIVERSITY DR (2025) 10,500 AADT (2025) 8,000 AADT between TAFT ST and SR-848/STIRLING RD (2025)
Risk & Incentives
Not an Opportunity Zone
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Key highlights
Frontage on Taft St.
Development opportunity up to 7 stories (mixed use)
Ideal for investor/developer
Friendly C-3 zoning
Income-producing potential while planning redevelopment.
