FL > Hollywood
Hollywood, FL 33020,2300 N 23rd Ave
Hollywood, FL 33020,2300 N 23rd Ave
Hollywood, FL 33020,2300 N 23rd Ave
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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$1,700,000
Est. payment /mo
5,082 SqFt
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UPDATED:

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

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Listed by Fausto Commercial Realty Consultants Inc
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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2300 N 23rd Ave