USD 2,200,000

1816 Harrison St
Hollywood, Florida 33020

For Sale

Property Description

A+++ Location in the heart of Downtown Hollywood and within an opportunity zone. The subject property consists of 4,173 SF, 2,600 SF on the ground floor, and an additional 1,573 SF on the second floor, which can be used as storage or office. The property was formerly occupied by long term check cashing store tenant—a perfect building for any office or retail use. Recent comparable sales have sold as high as $369 per foot. This building is priced to sell at only $276 p/SF. An investor can lease this 4,794 Sq. Ft property for $30.37 p/SF NET, which would yield an investor a 5.3% pro-­forma capitalization rate at the full asking price. This is an excellent opportunity to invest in a well-maintained and turn­key operating property in an A+++ location.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A11036975
Status
Sale
Type
Commercial, Industrial
Zip Code
33020
Year Built
1970
Occupancy
Vacant
Utilities
Internet

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