2300 N 23rd Ave
$1,700,000
2300 N 23rd Ave, Hollywood, FL 33020
5,082 sqft
Building Size
4
Units
Details:
Highlights:
- Number Of Buildings: 1
- Documents Available: Aerial Photo(S), Rent Rolls
- Cooling: Central Individual A/C
- Heating: Central Individual A/C
- Flooring: Other, Tile
- Construction Materials: Concrete Block Construction, CBS Construction
- Parking Features: Common
Description:
Rare opportunity to purchase a neighborhood retail/strip center right off of Sheridan St and Dixie Hwy, just minutes from I-95. This 5,082 SF multi-tenant building is divided into four units—three at approximately 850 SF and one at 2,532 SF. Three of the four units are currently occupied, with two tenants on leases that include 3% annual rent increases, while current rents remain below market, offering immediate upside through market-rate leasing. Positioned in a busy commercial corridor with excellent visibility and access, this property is a strong value-add investment. Once the vacant space is leased, you can achieve a gross annual income of $152,000 with an easy 7% cap rate at the asking price!
Location
Gallery
