Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

This 8,260 sf flex space building is a perfect blend of retail and true industrial situated on a 14,356 sf lot.rnThis building is currently 100% occupied by 4 tenants with an under market rental rate. A new investor can re­tenant this property at a conservative rates of $18 a foot net which will provide a strong annual net income of $143,985.09. This pro­forma NOI will provide an investor with a strong 7.2% capitalization rate at the full asking price of $2,000,000. Enclosed in this package lease analytics showing resent comparable leases are as hight as $23 p/sf Net. This property will also work for an owner user looking to relocate in East Hollywood. Liberal new DH­3 zoning permits most uses and encourages new developments with generous height restrictions.

Address Details
FL
Broward County
Hollywood
33020
1810 - 1816 N Dixie Hwy
0
Other
362
1
: Sale
$9,243
RAC DH-3

Commercial Sale For Sale

1810 - 1816 N Dixie Hwy, Hollywood, Florida 33020

14,356 Sqft
$2,000,000
Listing ID #A11087114
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11087114
Price : $2,000,000
Year Built : 1960
Lot Area : 14,356 Sqft
Building Area : 8,260 Sqft
Status : Active
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