USD 4,250,000

310-320 NE 1st Ave
Hallandale Beach, Florida 33009

For Sale

Property Description

This 9,615 SF flex space building is a perfect blend of office and true industrial situated on a large 19,540 SF lot. Parking lot across the street is on a long term lease with the city of Hallandale Beach and provides a tremendous amount of available parking. The building as well as the adjacent lot is being sold for $4,250,000. The property is 100% occupied by 3 tenants and is currently netting $185,554 per year which will provide an investor with a strong 4.37% capitalization rate at full asking price. The 7,200 SF space is occupied by a church and is currently leased to January 2028. The South bay is occupied by a ministry school currently leased to October 2023. The adjacent lot is occupied by a pre-school currently leased to April 2025.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
Commercial, Industrial
Zip Code
Year Built
Call Listing Agent
Zoning Information
Central RAC
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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