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 #
A11252431
Status
Sale
Type
Commercial, Industrial
Zip Code
33009
Year Built
1962
Occupancy
Call Listing Agent
Utilities
Internet
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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