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$ 4,300,000
Est. payment | /mo
4,158 SqFt
$ 4,300,000
Est. payment | /mo
4,158 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,158 sqft
Price per Sqft $1,034
MLS Listing ID A12079891
HOA Y/N No
Year Built 1966
Annual Tax Amount $24,443
Lot Size 0.532 Acres
Property Sub-Type Retail
Property Description
This freestanding commercial building represents an exceptional turn-key investment, and a rare value added opportunity in Hollywood, FL. Operating under a passive Triple Net (NNN) lease, the property delivers immediate, stable cash flow with zero landlord maintenance responsibilities. Cataloged under flexible C-3 zoning allowing for vertical development of up to 7 stories, and boasting an active city pre approval to double its current square footage. This asset is perfectly positioned for forward-thinking investors and developers looking to maximize returns in a high-demand market. - Operating under flexible retail zoning. 100% Leased NNN – Lease ends on 2030 – Lease Term: adjusted based on CPI INDEX.
Location
State FL
County Broward
Area 3010
Zoning C-3
Exterior
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 514111300011
Security Features Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12079891
Listed by MGS Brokers
NEARBY SCHOOL & BUSINESS
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