2055 Liberty St, Hollywood, FL 33020
20,000 SF | Vacant | Industrial Building | Hollywood, FL 33020 | $6,500,000 ($325/SF)
For Sale
Active
37 pictures
Asking Price $6,500,000
- Property Type
-
Industrial
- Square Feet
- 10,000 SF
- Price / Square Foot
- $325
Listing Contacts
Alena Fuentes
John DeMarco
- Property Info
Property Overview
This great freestanding office building in desirable East Hollywood, Florida, is well situated directly on Dixie Highway. This property consists of 19,448 SF sitting on a large 32,217 SF lot (0.73 Acres)
This building is currently vacant. A new investor can lease this property after closing at a conservative rate of $22.71 per square foot. When leased, this building will be netting $441,664.08 a year, providing an investor with an abovemarket capitalization rate of 6.79% at the full asking price. This property will also work for an owneruser looking to relocate to East Hollywood. Liberal new DH-3 zoning permits most uses and encourages new developments with generous height restrictions. See the enclosed DH3 zoning outline. The property has also been approved for a gun range. This is a fantastic opportunity to obtain a desirably sized freestanding Hollywood office flex property for either an owner-user or investor. There are several new residential and retail projects breaking ground nearby. Hollywood is a rapidly changing city, with over 5,000 new residents projected to move into the city over the next three years.
Please call the listing office for additional information and a complete tour.
This building is currently vacant. A new investor can lease this property after closing at a conservative rate of $22.71 per square foot. When leased, this building will be netting $441,664.08 a year, providing an investor with an abovemarket capitalization rate of 6.79% at the full asking price. This property will also work for an owneruser looking to relocate to East Hollywood. Liberal new DH-3 zoning permits most uses and encourages new developments with generous height restrictions. See the enclosed DH3 zoning outline. The property has also been approved for a gun range. This is a fantastic opportunity to obtain a desirably sized freestanding Hollywood office flex property for either an owner-user or investor. There are several new residential and retail projects breaking ground nearby. Hollywood is a rapidly changing city, with over 5,000 new residents projected to move into the city over the next three years.
Please call the listing office for additional information and a complete tour.
Property Details
- Class
- B
- Year Built/Renovated
- 1974/2018
- Stories
- 2
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 32,234 SF
Highlights
- Freestanding Office Flex Building
- A++ Location in Desirable Hollywood, FL
- Approved Gun Range
- Projected CAP Rate: 6.8%
- Perfect for an Owner-User or Investor
All available spaces
- Space
- 2nd Floor - back lot
- Size
- 10,000 SF
- Space Subtype
- Relet
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