1406-1416 N Dixie Hwy
Hollywood, FL 33020
Industrial Property For Sale

John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 1406-­1416 N Dixie Highway, Hollywood Florida. This 15,853 sf flex space building is a perfect blend of retail and true industrial. The subject offering includes 3 parcels. The total leasable square footage is 15,853 well situated on a 28,332 sf lot. This building has just undergone a full renovation including new impact windows and doors, new HVAC, new bathrooms, new ADA parking, paving, plumbing and much more. Property is currently occupied by 4 tenants and has only 2 vacancies (5,427 sf vacant). When fully leased this property will net $199,324 annually which will provide an investor with a projected 7.67% capitalization rate at the full asking price of $2,600,000. This is an excellent opportunity for an owner-user to occupy 5,472 SF and lease the balance of the building out to offset carrying costs. Liberal new DH­3 zoning permits most uses and encourages new developments with generous height restrictions. See enclosed DH­3 zoning outline. This property is being offered at only $164 sf which is below recent sales. This is an excellent opportunity to invest in the booming industrial/flex space market. South Florida's industrial sector continues to expand to keep up with the local economic conditions. Please remember to not disturb existing tenants. Please call the listing broker for additional information and a complete tour.