2420-2426 Dixie Hwy, Wilton Manors, FL 33305

3,357 SF | 100% Leased | Flex Building | Wilton Manors, FL 33305 | $1,500,000 ($447/SF) | 5.56% Cap Rate

Asking Price $1,500,000

Property Type: Industrial
Price / Square Foot: $447

Listing Contacts

Andy Perez-Cervera

Verified Profile

Property Info

Property Overview

Compass Commercial presents a (4) bay flex-retail building consisting of 3,357sf on a 6,110sf parcel zoned TOC-S located in the emerging Wilton Manors Art District. Prime location fronting Dixie Hwy and steps from the "Five-Points" intersection. Property is 100% leased with amazing tenant mix consisting of (3) art galleries and (1) Italian wine boutique. The immediate area is experiencing a transformation i.e. The "Wilton Hotel" (8-story hotel w/ rooftop pool) and additionally a 190-luxury rental project. New ownership has undergone significant updates and stabilized the property including roof, electrical, re-surfaced parking lot and 50yr recertification. Do not miss out on this stable cash-flowing asset with upside situated across the street from the proposed "Wilton Hotel & Pool Club".

Property Details

Class: C
Year Built/Renovated: 1965/2023
Stories: 1
Property Subtype: Flex, Distribution, Showroom, Storefront Retail/Office, Loft/Creative Space
Lot Size (sq. ft): 6,098 SF

Highlights

3,357sf Building on a 6,110sf parcel zoned TOC-S located in the emerging Wilton Manors Art District
100% leased w/ 3% annual rent escalations
Exciting Growth i.e. The "Wilton Hotel & Pool Club" (8-story hotel w/ rooftop pool) + 190-luxury rental project

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