Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Hallandale Beach Development Site, located within an Opportunity Zone in Hallandale Beach, Florida. SUBJECT PROPERTY Hallandale Beach Development Site is a development opportunity located east of Interstate 95, just west of Federal Highway (US-1), along the south side of SE 9th Street and north side of SE 9th Court at the corner of 3rd Avenue. The property is situated within an Opportunity Zone, offering incoming developers special tax treatment and incentives, as a result of the Tax Cuts and Jobs Act of 2017. Hallandale Beach Development Site has been previously approved for a medical office however is also zoned for multifamily, assisted living facilities and hotels. The property is situated within the Central RAC – Transit Core Subdistrict. The purpose and intent of the Central RAC district is to guide the redevelopment of land within the boundaries of the RAC land use category on the comprehensive plan's future land use map and the surrounding properties into a vibrant area. The Transit Core allows for mid-rise multistory, mostly attached buildings accommodating a wide range of uses, including employment, shopping, civic, and entertainment destinations as well as residential uses. This subdistrict will create a vibrant, pedestrian-friendly, mixed-use district around the planned Tri-Rail Coastal Link station and along main transit routes. Today, the site consists of 5-connecting parcels situated on approximately 1.06 acres with a total lot size of approximately 46,265 square feet according to the Broward County Property Appraiser. LOCATION The location offers a potential investor the prospect to purchase in one of Hallandale Beach’s dynamic Opportunity Zones. Opportunity Zones offer tax benefits to business or individual investors who can elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Opportunity Fund (QOF). Investors can defer tax on the invested gain amounts until the date they sell or exchange the QOF investment, or Dec. 31, 2026, whichever is earlier. The location allows for easy access to Federal Highway (US-1), Hallandale Beach Boulevard, Dixie Highway, and Interstate 95. Hallandale Beach Development Site is within walking distance of Gulfstream Park Racing & Casino (0.3 miles), which offers a variety of shopping, dining, entertainment attractions and employment opportunities within the Village at Gulfstream Park. Nearby points of interest include the recently completed, state of the art Hallandale Beach YMCA Family Center (0.5 miles), Aventura Hospital and Medical Center (0.6 miles), Publix Supermarket at Hallandale Place (1.4 miles), Petco (1.5 miles), Mardi Gras Casino (1.5 miles), Aventura Mall (1.6 miles) and Starbucks (1.7 miles). Just a short drive from the property to Golden Isles Park & Tennis Center (2.1 miles), Hyde Resort & Residences (2.2 miles), and the Diplomat Beach Resort (2.5 miles). Nearby educational centers include Gulfstream Academy of Hallandale Beach K-8 (1.8 miles), Hallandale High School (2.3 miles), and McNicol Middle School (2.5 miles). The Village at Gulfstream Park is a chic shopping and dinning destination with trendy shops and modern eateries as well as a casino, nightlife and racetrack. Whether you are looking for art galleries, fashion, health & beauty, home furnishings/housewares, sales & promotions, specialty items or a bite to eat you the Village has it all. Popular dining options include Texas De Brazil, Yard House, Haagen-Dazs, Christine Lee’s, Cluckers, Basil’s and Alma Grill to name a few. SUMMARY Hallandale Beach Development Site is offered for sale at $5,150,000 or $111 per square foot.
