2220 Madison St, Hollywood, FL 33020

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Building Details:

• Year Built: 1974

2220 Madison St is amulti-family property located in Hollywood, FL. The property currently has 1 multi-family space for lease and is marketed by .

Madison Villas is located in the burgeoning city of Hollywood, FL. Hollywood is currently undergoing an incredible renaissance thanks in large part to a massive rezoning effort finally set forth a few years ago, something that was decades in the making. All major corridors in the city have been rezoned and FAR system placed to maximize density. Just blocks to the north and east feature 140 feet vertical entitlements and more with approval as part of the Regional Activity Center Future Land Use. There are millions of new square feet of new retail, residential and other commercial development in some phase of construction or planning in a 5 mile radius.

The City of Hollywood has many amenities available to it's local population of 158,239 as of 2020 making it the 12th largest city in Florida. The World Famous Hollywood Hard Rock Hotel and Casino recently completed a $1.5 billion dollar expansion including their trademark Guitar Hotel, in addition, the Margaritaville beachside development has firmly entrenched the City of Hollywood as a Tier 1 leisure destination.

Local economic drivers include proximity to many corporate headquarters that utilize the 5 million square feet of office space with occupancy rates above 93%. There is a workforce of 1 million in Broward County and 83,000 in Hollywood that find careers in the Aviation, Healthcare, Life Science, Marine Industry, Professional Services, and Information & Communications field. Port Everglades is Florida's #1 Seaport by Revenue and generates $34 Billion in annual economic activity and just minutes up the road from Madison Villas.

• Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For lease: Negotiable
The Madison Villas multifamily opportunity is a very well located asset in the path of progress for the City of Hollywood, FL. The property features almost exclusively two bedroom and two bath units which for the area is the absolutely most desirable unit type in a land of mostly studio's and one bedrooms. There may be a possible future condo conversion here or a redevelopment project as the underlying land entitlements are part of the extensive rezoning that the City of Hollywood was able to accomplish in the last few years. Madison Villas features a new roof as of 2017 and new Hurricane Impact Windows as of 2020. Most of the units here have seen significant renovations including new kitchens with granite counter tops. Most of the central air conditioners have been replaced in the last few years. There is on-site laundry facilities in addition to a large storage closet with an option to rent out this space for additional income. Madison does have an additional layer of security for tenant peace of mind with security cameras on-site. Vacant units for Madison Villas do not stay this way for very long. The size of the units alone brings very high demand and a low vacancy factor for the asset. Public transportation is ample and all of Downtown's amenities and retail districts are in walking distance to the property. Hollywood Florida is well positioned to continue it's massive growth strategy and become a metropolis that directly competes with Fort Lauderdale and Miami.  « show less The Madison Villas multifamily opportunity is a very well located asset in the path of progress for the City of Hollywood, FL. The property features...  show more » View Details The Madison Villas multifamily opportunity is a very well located asset in the path of progress for the City of Hollywood, FL. The property features almost exclusively two bedroom and two bath units which for the area is the absolutely most desirable unit type in a land of mostly studio's and one bedrooms. There may be a possible future condo conversion here or a redevelopment project as the underlying land entitlements are part of the extensive rezoning that the City of Hollywood was able to accomplish in the last few years. Madison Villas features a new roof as of 2017 and new Hurricane Impact Windows as of 2020. Most of the units here have seen significant renovations including new kitchens with granite counter tops. Most of the central air conditioners have been replaced in the last few years. There is on-site laundry facilities in addition to a large storage closet with an option to rent out this space for additional income. Madison does have an additional layer of security for tenant peace of mind with security cameras on-site. Vacant units for Madison Villas do not stay this way for very long. The size of the units alone brings very high demand and a low vacancy factor for the asset. Public transportation is ample and all of Downtown's amenities and retail districts are in walking distance to the property. Hollywood Florida is well positioned to continue it's massive growth strategy and become a metropolis that directly competes with Fort Lauderdale and Miami. Pricing: Negotiable Availability: Now Listing ID: 3163659 Save to list