Hollywood, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Hollywood, Florida Market population: 143K. Explore income-producing properties with verified cap rates and operating...

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⭐ Featured

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Hollywood FL Properties: 0.0000%

📊 Average Income For Hollywood FL Commercial Property: $45,585

Investor Questions For Hollywood FL

Common questions from investors exploring commercial real estate in Hollywood FL.

What is the overall investment potential of Hollywood, FL, considering its demographic and economic factors? +

The city's median household income of $45,585, combined with a poverty rate of 14.0% and a high health insurance coverage of 80.5%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Public Administration, Information, and Construction, also indicate a diverse economy, while the median property value of $178,500 and median property taxes of $33,916 provide insight into the local real estate market.

How does the ethnic diversity and commute time in Hollywood, FL impact the demand for rental properties? +

The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant and culturally rich community, which can attract a wide range of renters. Additionally, the average commute time of 27.6 minutes and the top commute methods, including driving alone and working from home, suggest a convenient location with flexible transportation options, making it an appealing choice for renters.

What are the implications of the poverty rate and health insurance coverage on the quality of tenants in Hollywood, FL? +

The poverty rate of 14.0% in Hollywood, FL, combined with a high health insurance coverage of 80.5%, indicates a working-class market with access to employment opportunities and healthcare, which can lead to more stable and reliable tenants. This, in turn, can result in lower vacancy rates and reduced risk for property investors.

How do the top industries in Hollywood, FL influence the local job market and, subsequently, the demand for housing? +

The top industries in Hollywood, FL, including Public Administration, Information, and Construction, contribute to a diverse and relatively stable job market, which can attract a wide range of professionals and workers. This, in turn, drives up the demand for housing, including rental properties, and can lead to increased property values and rental yields over time.

What role do the median property value and homeownership rate play in determining the investment potential of Hollywood, FL? +

The median property value of $178,500 and the homeownership rate of 57.9% in Hollywood, FL, suggest a relatively affordable housing market with a mix of owner-occupied and rental properties. This can provide opportunities for investors to purchase properties at a reasonable price and rent them out to tenants, generating a steady income stream and potentially long-term appreciation in property value.

Hollywood FL Real Estate & City Facts

Key facts and real estate information about Hollywood FL.

What are some of the best neighborhoods to live in Hollywood? +

Some of the best neighborhoods to live in Hollywood include Highland Gardens, Emerald Hills, Hollywood Lakes, Hollywood Hills, Downtown Hollywood, and Boulevard Heights. Each neighborhood has its unique character and advantages, such as proximity to the beach, downtown, or major highways. For example, Highland Gardens is known for being convenient to Hollywood Blvd and the interstate, while Emerald Hills is a peaceful and safe neighborhood with a strong sense of community.

What are some fun things to do in Hollywood? +

There are plenty of fun things to do in Hollywood, including visiting the Beach Broadwalk, catching an indie film at the historic Cinema Paradiso, or exploring the downtown area for live music and entertainment. You can also check out the Hollywood Art and Culture Center, or attend one of the many concerts and events held throughout the year. Additionally, the city has a variety of parks and outdoor spaces, such as ArtsPark at Young Circle, where you can enjoy the scenery and take part in community activities.

What is the food scene like in Hollywood? +

The food scene in Hollywood is diverse and vibrant, with a wide range of restaurants serving everything from Mexican and Italian to Peruvian and European cuisine. Some popular spots include Taco Beach Shack, Latitudes Restaurant, and Billy's Stone Crab. There are also plenty of great food trucks and casual eateries, as well as higher-end restaurants like The Hen and the Hog and GG's Waterfront. Whether you're in the mood for something familiar or want to try something new, Hollywood has plenty of options to choose from.

What are the pros and cons of living in Hollywood? +

The pros of living in Hollywood include its beautiful beaches, vibrant arts and culture scene, and diverse range of restaurants and entertainment options. The city also has a strong sense of community, with many neighborhood events and activities throughout the year. However, some cons of living in Hollywood include traffic and parking challenges, particularly during peak season, as well as a relatively high cost of living compared to other parts of the state. Additionally, some areas of the city can be quite crowded and noisy, especially in the downtown area.

Is Hollywood a good place to live? +

Overall, Hollywood is a great place to live for people who enjoy a vibrant, diverse, and active community. The city offers a unique blend of beach town charm and urban amenities, with plenty of opportunities for entertainment, education, and personal growth. While it may not be the best fit for everyone, particularly those who prefer a more laid-back or rural lifestyle, Hollywood is definitely worth considering for anyone looking for a dynamic and engaging place to call home.

Hollywood, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Hollywood FL Properties: 0.0000%

📊 Average Income For Hollywood FL Commercial Property: $45,585

Investor Questions For Hollywood FL

Hollywood FL Real Estate & City Facts

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