Multi-Family Space For Lease @ 6045 Buchanan St

The Flats on Buchanan multifamily offering is a rare, true value add opportunity to reposition through renovations and market rate rental strategy. Featuring an oversized lot and aggressive zoning, there is also a redevelopment component to this incredible asset. There is significant rental increases available that correlate with upgraded interior units as seen in the rental comparables in the broader market.

The property features eighteen total units of which there is a small house and auxiliary building. The Flats on Buchanan will benefit greatly from a complete repositioning and rental rate increase. Due to the central location, well appointed units in the immediate market see incredible rent appreciation that keeps pace with the historic rental increases that South Florida has seen with the influx of new residents. Public transportation is readily available to major economic drivers in the area including industrial, hospitality and corporate office employment for the residents thereby creating a high floor in rental rates.

Development in the immediate area is supported by incredible zoning for this transit oriented corridor. The Flats on Buchanan features high rise multifamily and mixed use by right allowing up to 17 stories per the city website. This is a covered land play holding that will participate in the future vision of city leaders making Hollywood, Florida an exceptional investment.

Major economic and employment drivers include the famous Guitar Hotel of the Hollywood Hard Rock Casino and Resort. Port Everglades and the Fort Lauderdale Hollywood International Airport are only minutes away in addition to many retail and mixed use developments currently underway. There are 153,067 residents that call Hollywood home and is widely considered a twin city to Fort Lauderdale of 175,153 in population. This space offers accomodations for: lowrisegarden.