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1406 N Dixie Hwy, Hollywood FL 33020,Hollywood,Broward County,Commercial Sale

  • $950,000
Commercial Sale Active
1406 N Dixie Hwy, Hollywood FL 33020
Commercial Sale Active
1406 N Dixie Hwy, Hollywood FL 33020
  • $950,000

Overview

  • Retail
  • Property Type
  • 1961
  • Year Built

Description

The subject property is a freestanding industrial/retail flex building consisting of 2,969 square feet of usable space situated on a 7,083 square foot lot located directly on North Dixie Hwy in East Hollywood, three blocks south of Taft Street. The property is located in desirable DH-3 zoning – Dixie Highway High Intensity Mixed—Use District Uses, which allows for most retail and commercial uses, including automotive. The existing property use is Light Manufacturing. The property is currently vacant and an investor can tenant this property after closing. Fair market rent $27.13 p/SF on a triple net basis. This rate will provide an investor with $68,791 net income, which would yield a market capitalization rate of 7.24% at full asking price.

Details

Updated on November 18, 2023 at 12:53 am
  • Price: $950,000
  • Year Built: 1961
  • Property Type: Retail
  • Property Status: Commercial Sale

Additional details

  • StreetDirPrefix: N
  • PublicSurveyRange: 51
  • ShowingInstructions: 24 Hour Notice, Appointment Only, Call Listing Agent
  • ListAgentKey: d22b15ba13cea08e1681e06c011396fd
  • TaxLegalDescription: HOLLYWOOD PARK 4-19 B LOT 5 BLK 4
  • OnMarketDate: 2023-09-20
  • ListAgentEmail: John@deMarcogroup.net
  • ContractStatusChangeDate: 2023-09-20
  • MajorChangeTimestamp: 2023-09-20T13:43:58.367Z
  • PhotosCount: 10
  • SubAgencyCompensation: 2.5%
  • StatusChangeTimestamp: 2023-09-20T13:43:58.367Z
  • PriceChangeTimestamp: 2023-09-20T13:39:34.903Z
  • ListingKeyNumeric: 386500220
  • MajorChangeType: New
  • ListingContractDate: 2023-09-20
  • ListAOR: A-Miami Association of REALTORS
  • TaxAnnualAmount: 8081
  • ListOfficeName: RE/MAX 5 Star Realty
  • CurrentUse: Commercial Lease
  • OriginatingSystemKey: miamire
  • BusinessType: Retail Space, Warehouse Space
  • DualVariableCompensationYN: no
  • PhotosChangeTimestamp: 2023-09-20T13:44:34.549Z
  • OriginatingSystemName: Miami Association of REALTORS®
  • ListOfficePhone: 954-361-0000
  • MlsStatus: Active
  • StreetNumber: 1406
  • ListingKey: 58fccc603c55e54b27ccd6bb74ba6839
  • StateOrProvince: FL
  • ShowingContactType: Agent
  • ListOfficeKey: e1fcd57733fa179966a1b70145399144
  • BridgeModificationTimestamp: 2023-09-20T13:49:31.765Z
  • ListAgentFullName: John DeMarco
  • ParkingTotal: 4
  • ListAgentOfficePhone: 954-361-0000
  • ParcelNumber: 514209050200
  • SignOnPropertyYN: no
  • OtherExpense: 0
  • IDXParticipationYN: yes
  • InternetAddressDisplayYN: yes
  • ListAgentMlsId: 3134747
  • ModificationTimestamp: 2023-09-20T13:43:58.367Z
  • OriginatingSystemID: miamire
  • DaysOnMarket: 0
  • BuyerAgencyCompensationType: %
  • ListOfficeMlsId: DBRG01
  • ListAgentDirectPhone: 954-453-1000
  • StreetNumberNumeric: 1406
  • ParkingFeatures: Assigned
  • PostalCodePlus4: 3050
  • NumberOfUnitsInCommunity: 0
  • ExpirationDate: 2023-11-14
  • SyndicationRemarks: The subject property is a freestanding industrial/retail flex building consisting of 2, 969 square feet of usable space situated on a 7, 083 square foot lot located directly on North Dixie Hwy in East Hollywood, three blocks south of Taft Street. The property is located in desirable DH-3 zoning – Dixie Highway High Intensity Mixed—Use District Uses, which allows for most retail and commercial uses, including automotive. The existing property use is Light Manufacturing. The property is currently vacant and an investor can tenant this property after closing. Fair market rent $27.13 p/SF on a triple net basis. This rate will provide an investor with $68, 791 net income, which would yield a market capitalization rate of 7.24% at full asking price.
  • ListAgentStateLicense: 3134747
  • PublicSurveyTownship: 51
  • ListOfficeFax: 954-361-0070
  • ListingAgreement: Exclusive Right To Sell
  • ListingId: A11455980
  • SpecialListingConditions: Sale
  • OriginalListPrice: 950000
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: yes
  • BuyerAgencyCompensation: 2.5%
  • InternetAutomatedValuationDisplayYN: yes
  • OriginalEntryTimestamp: 2023-09-20T13:43:58.367Z
  • SourceSystemKey: 386500220
  • LotSizeSquareFeet: 7083
  • InternetConsumerCommentYN: yes
  • BuildingAreaTotal: 2969

Address

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  • Address Dixie Hwy
  • City Hollywood
  • State/county Broward County
  • Zip/Postal Code 33020

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Alberto Zaltzberg

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