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$5,500,000
Est. payment /mo
9,747 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,747 sqft
Price per Sqft $564
MLS Listing ID A11927168
HOA Y/N No
Year Built 1961
Annual Tax Amount $18,361
Lot Size 0.436 Acres
Property Sub-Type Mixed Use
Property Description
Prime income-producing commercial property located in Hollywood, FL. This 19,011 SF lot includes two buildings totaling 9,747 SF with strong tenants in place and a major value-add opportunity through lease-up. The property generates a current NOI of $164,000 with a projected NOI of $306,000 once the vacant unit is leased at pro-forma market rent.
Tenant mix includes a lounge ($8,500 + CAM), a bar ($5,200 + CAM), and a third vacant space with pro-forma rent of $12,000 + CAM. Excellent visibility and exposure along a high-traffic commercial corridor. Flexible FH-2 zoning allows a wide range of commercial uses, including retail, restaurant, office, nightlife, and mixed-use, providing long-term stability and strong underlying land value.
Tenant mix includes a lounge ($8,500 + CAM), a bar ($5,200 + CAM), and a third vacant space with pro-forma rent of $12,000 + CAM. Excellent visibility and exposure along a high-traffic commercial corridor. Flexible FH-2 zoning allows a wide range of commercial uses, including retail, restaurant, office, nightlife, and mixed-use, providing long-term stability and strong underlying land value.
Location
State FL
County Broward
Area 3080
Exterior
Private Pool Yes
Others
Tax ID 514210210370
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11927168
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Listed by RE/MAX 5 Star Realty
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