1406 Dixie Hwy ,Retail, Commercial Lease for Sale & Rent

1406 Dixie Hwy for Sale & Rent

Price $950,000.00

• Lot size 7083
• Year Build 1961
• Waterfront
• Zip 33020
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

Description

The subject property is a freestanding industrial/retail flex building consisting of 2,969 square feet of usable space situated on a 7,083 square foot lot located directly on North Dixie Hwy in East Hollywood, three blocks south of Taft Street. The property is located in desirable DH-3 zoning ? Dixie Highway High Intensity Mixed?Use District Uses, which allows for most retail and commercial uses, including automotive. The existing property use is Light Manufacturing. The property is currently vacant and an investor can tenant this property after closing. Fair market rent $27.13 p/SF on a triple net basis. This rate will provide an investor with $68,791 net income, which would yield a market capitalization rate of 7.24% at full asking price.

HOLLYWOOD PARK 4-19 B LOT 5 BLK 4

The subject property is a freestanding industrial/retail flex building consisting of 2,969 square feet of usable space situated on a 7,083 square foot lot located directly on North Dixie Hwy in East Hollywood, three blocks south of Taft Street. The property is located in desirable DH-3 zoning ? Dixie Highway High Intensity Mixed?Use District Uses, which allows for most retail and commercial uses, including automotive. The existing property use is Light Manufacturing. The property is currently vacant and an investor can tenant this property after closing. Fair market rent $27.13 p/SF on a triple net basis. This rate will provide an investor with $68,791 net income, which would yield a market capitalization rate of 7.24% at full asking price.

City:Hollywood,Zoning:DH-3,List A O R:A-Miami Association of REALTORS,Latitude:26.0236719,List Price:950000,Listing Id:A11455980,Longitude:-80.1500137,Mls Status:Active,Year Built:1961,Postal Code:33020,Street Name:Dixie Hwy,Coordinates:1:26.0236719,Photos Count:14,Business Type:1:Warehouse Space,Days On Market:58,Lot Size Units:Square Feet,On Market Date:2023-09-20,Parcel Number:514209050200,Parking Total:4,Property Type:Commercial Sale,Street Number:1406,Public Remarks:The subject property is a freestanding industrial/retail flex building consisting of 2,969 square feet of usable space situated on a 7,083 square foot lot located directly on North Dixie Hwy in East Hollywood, three blocks south of Taft Street. The property is located in desirable DH-3 zoning ? Dixie Highway High Intensity Mixed?Use District Uses, which allows for most retail and commercial uses, including automotive. The existing property use is Light Manufacturing. The property is currently vacant and an investor can tenant this property after closing. Fair market rent $27.13 p/SF on a triple net basis. This rate will provide an investor with $68,791 net income, which would yield a market capitalization rate of 7.24% at full asking price.,County Or Parish:Broward County,List Office Name:RE/MAX 5 Star Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3050,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:N,Tax Annual Amount:8081,Unparsed Address:1406 N Dixie Hwy, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:2969,Building Area Units:Square Feet,Lot Size Square Feet:7083,Original List Price:950000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks:The subject property is a freestanding industrial/retail flex building consisting of 2,969 square feet of usable space situated on a 7,083 square foot lot located directly on North Dixie Hwy in East Hollywood, three blocks south of Taft Street. The property is located in desirable DH-3 zoning ? Dixie Highway High Intensity Mixed?Use District Uses, which allows for most retail and commercial uses, including automotive. The existing property use is Light Manufacturing. The property is currently vacant and an investor can tenant this property after closing. Fair market rent $27.13 p/SF on a triple net basis. This rate will provide an investor with $68,791 net income, which would yield a market capitalization rate of 7.24% at full asking price.,Listing Contract Date:2023-09-20,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:1406,Tax Legal Description:HOLLYWOOD PARK 4-19 B LOT 5 BLK 4,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.0%,M I A M I R E_ Internet Remarks:Freestanding industrial/retail flex building consisting of 2,969 SF on a 7,083 sf lot located directly on North Dixie Hwy in East Hollywood.,Contract Status Change Date:2023-09-20,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2.0%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,