4181 Hallandale Beach Blvd
West Park, FL
Retail for Sale - $750,000 - 960 Sq. Ft. on 0.36 acres
Property Info
CIMLS# | 1048881 |
Location 4181 Hallandale Beach Blvd West Park FL 33023 | |
Updated | December 16th, 2019 |
Type | Retail |
Price | $750,000 |
Building | 960 Sq. Ft. |
Land | 0.36 acres |
Property Description
ONE Sotheby's International Realty commercial division is pleased to present a unique investment opportunity for an Owner User or long term investor. This highly desirable location offers an investor a solid return of 8.6% at the current rent with the upside of increasing rents to market value. With very little Landlord responsibilities this makes for a great passive income. This property currently has 2 long term tenants, one of them is on an expired lease and can vacate for owner user opportunity. Both locations are independently metered and each hold a rare Used Car Dealership License/CU/ and Business tax receipt (occupational license)
This prime retail property may also be redeveloped for other retail uses and is located on busy Hallandale Beach Boulevard corridor, with easy access to I-95, 441 (State Road 7), and Florida Turnpike. The city is undergoing an FDOT improvements to streets asphalt, drainage, and road median landscaping. AADT 45,500 daily traffic count.