Basic Information

  • MLS # A11087114
  • Type Commercial
  • Status Sold
  • Year Built 1960
  • Total Sqft 14,356
  • Date Listed 08/19/2021
  • Days on Market 307
Description

This 8,260 sf flex space building is a perfect blend of retail and true industrial situated on a 14,356 sf lot. This 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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description

Interior Features

  • Adjusted Sqft 14,356Sq.Ft
  • Sqft 14,356 Sq.Ft

Property Features

  • Aprox. Lot Size 14,356
  • Furnished Info No
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $9,243
  • Tax Information H O L L Y W O O D P A R K4-19 B L O T4 B L K8
  • Tax Year 0
  • Type of Property Commercial

1812 - 1816 N Dixie Hwy

Hollywood, FL 33020

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