Hollywood, FL 33020 2300 N 23rd Ave
$1,700,000
11 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 4
Baths • 4
SQFT • 5,082
Home Details
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!
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Interior Features for 2300 N 23rd Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther, Tile
Heating Y/NYes
General for 2300 N 23rd Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityHollywood
Construction MaterialsBlock
ContingencyPending Inspections
CoolingCentralAir
CountyBroward
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionHOLLYWOOD PARK 4-19 B ALL OF LOT 1, LOT 2 LESS W 5 FT BLK 37
LevelsOne
Listing TermsCash, Conventional, Other
Lot Size Square Feet12778.0
Lot Size UnitsSquareFeet
MLS Area3050
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Occupancy TypeCallAgent
PossessionClosingAndFunding
PostalCityHollywood
Property Attached Y/NNo
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
RoofBuiltUp
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories Count1
Structure TypeRetail
Tax Annual Amount15637.0
Virtual TourClick here
Year Built1963
Zoning DescriptionDH-1
Exterior for 2300 N 23rd Ave
Building Area Total5082.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area12778.0
Number of Buildings1
Parking FeaturesCommon
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Jephney Herring
Realtor®
