4404 Pembroke Rd
$890,000
4404 Pembroke Rd, Hollywood, FL 33021
1,033 sqft
Building Size
1
Floors
Details:
Highlights:
- Lot Features: Corner Lot
- Number Of Buildings: 1
- Documents Available: Aerial Photo(S)
- Cooling: Central Building A/C
- Heating: Central Building A/C
- Construction Materials: CBS Construction
- Parking Features: Common, Free Parking
- Accessibility Features: Accessible Parking
- Security Features: Smoke Alarm, Smoke Detector(s), Security System
Description:
CORNER LOT INVESTMENT - Free-standing 1,033 SF CBS retail on oversized 10,903 SF corner lot with ~150 FT of frontage on Pembroke Rd, zoned TOC2. Leased to established salon at $4,750/mo ($57,000 gross annually) - immediate income with flexibility for vacant delivery for owner-user.
2024 NOI $37,291 after taxes $8,086, insurance, etc. = 4.19% Cap Rate at asking price. TOC2 allows retail, office, restaurant, and mixed-use/multifamily up to 35 FT height per City of West Park - ideal for investor, owner-user, or future redevelopment. Features private office, 2 restrooms, central A/C, common/accessible parking, and security system. High-visibility State Rd location with direct access to I-95, FL Turnpike, and dense residential rooftops. Value-add land play with income in place.
Location
Gallery
