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Gelfand Realty Miami Properties for Sale - Restaurant/Entertainment for Sale

1114 N STATE ROAD 7, HOLLYWOOD, FL 33021

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Restaurant/Entertainment - for Sale

1114 N STATE ROAD 7, HOLLYWOOD, FL 33021

Asking Price$2,250,000

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  • Lot size 2625sqft
  • Taxes $8,341
  • Year Built 1958

  • Days on market:

    212 day(s)

  • Original Price:

    $2,250,000

  • Tax Legal Description:

    HOLLYWOOD BEACH HEIGHTS SEC B 10-22 B LOT 4 BLK 16

  • Property Type:

    Restaurant/Entertainment

  • Special Listing Conditions:

    Sale

Description

$2,250,000

This property is conveniently located directly on n state rd 7/441 and has great visibility and signage consisting of 1,965 sf, and it is well situated on a 6,421 sf lot which includes an additional parking lot.. high traffic area with over 34k cars per day. currently leased to a long term restaurant/bar tenant on a nnn lease with minimal landlord responsibilities. the property undergo a significant renovation in 2022 including all brand new hvac systems, exterior paint and complete renovation of interior. current lease is thru september 2027 and base rent increases 3% annually.
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