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$950,000
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.Retail - for Sale
1406 N DIXIE HWY, HOLLYWOOD, FL 33020
Description
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