$1,600,000
$1,799,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
1128 N FEDERAL HY Hollywood, FL 33020
27,440 SqFt
Key Details
Sold Price $1,600,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 27,440 sqft
Price per Sqft $58
Subdivision Frank Add To Hollywood 7-
MLS Listing ID A2174503
Sold Date 02/24/16
HOA Y/N No
Year Built 1962
Annual Tax Amount $6,685
Tax Year 2014
Contingent No Contingencies
Lot Size 0.630 Acres
Acres 0.63
Lot Dimensions 141x189
Property Sub-Type Other
Property Description
Perfect location for freestanding restaurant, office, hotel, shopping center. Subject property consists of 2 concurrent parcels (1100-1128 N Fed Hwy) with direct frontage on US1 N Federal Hwy totaling 27,440 SF. 8706 of leasable space including; Recent s ale across the street give subject property a $2.3 M land value only. Currently leased w/10 tenants grossing $14,000/month netting $145,970 per year w/ 8.1% cap rate.
Location
State FL
County Broward County
Community Frank Add To Hollywood 7-
Area 3050
Exterior
Utilities Available Electricity Available, Water Available
Present Use Commercial
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 514210180020
Financing Cash
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Bought with RE/MAX Executive Realty