16
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$1,700,000
Est. payment /mo
5,082 SqFt
New
2300 N 23rd Ave Hollywood, FL 33020
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,082 sqft
Price per Sqft $334
MLS Listing ID A11838109
HOA Y/N No
Year Built 1963
Annual Tax Amount $15,637
Lot Size 0.293 Acres
Property Sub-Type Retail
Property Description
Rare opportunity to purchase a neighborhood retail/strip center right off of Sheridan St and Dixie Hwy, just minutes from I-95. This 5,082 SF multi-tenant building is divided into four units—three at approximately 850 SF and one at 2,532 SF. Three of the four units are currently occupied, with two tenants on leases that include 3% annual rent increases, while current rents remain below market, offering immediate upside through market-rate leasing. Positioned in a busy commercial corridor with excellent visibility and access, this property is a strong value-add investment. Once the vacant space is leased, you can achieve a gross annual income of $152,000 with an easy 7% cap rate at the asking price!
Location
State FL
County Broward
Area 3050
Interior
Heating Central
Cooling Central Air
Flooring Other, Tile
Exterior
Roof Type Built-Up
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Others
Tax ID 514209056090
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11838109
Listed by Fausto Commercial Realty Consultants Inc