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41 William Rd 2,780 SF 100% Leased Retail Building West Park, FL 33023 $1,890,000 ($679.86/SF)
Investment Highlights
- Corner location with visibility from multiple frontages.
- AADT (daily traffic) of 35,500 on Hallandale Beach Blvd frontage
Executive Summary
Situated on approximately one-half acre at the intersection of Williams Road and Hallandale Beach Boulevard, 41 William Rd offers investors and developers a rare opportunity to acquire a mixed-use redevelopment site within central Broward County. The property's location along Hallandale Beach Boulevard provides exceptional visibility, convenient regional access, and exposure to surrounding residential and commercial activity.
The site is currently improved with existing residential structures and is occupied by a month-to-month tenant, providing immediate revenue while allowing flexibility for future development plans. The property is zoned for mixed-use development and may accommodate up to nine residential units. This zoning flexibility creates multiple potential strategies, including residential redevelopment, mixed-use construction, income-producing investment, or a combination of residential and commercial uses.
The site is currently improved with existing residential structures and is occupied by a month-to-month tenant, providing immediate revenue while allowing flexibility for future development plans. The property is zoned for mixed-use development and may accommodate up to nine residential units. This zoning flexibility creates multiple potential strategies, including residential redevelopment, mixed-use construction, income-producing investment, or a combination of residential and commercial uses.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,780 SF
Building Class
C
Year Built
1959
Price
$1,890,000
Price Per SF
$679.86
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.49 AC
Zoning
TOC 3 - General Business District
Parking
12 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-41-25-06-0070 | Improvements Assessment | $259,260 |
| Land Assessment | $95,130 | Total Assessment | $354,390 |
Property Taxes
Parcel Number
51-41-25-06-0070
Land Assessment
$95,130
Improvements Assessment
$259,260
Total Assessment
$354,390
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41 William Rd