2300 23rd Ave ,Retail for Sale

2300 23rd Ave for Sale

Price $1,700,000.00

• Lot size 12778
• Year Build 1963
• Waterfront
• Zip 33020
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

Rare opportunity to purchase a neighborhood retail/strip center right off of Sheridan St and Dixie Hwy, just minutes from I-95. This 5,082 SF multi-tenant building is divided into four units?three at approximately 850 SF and one at 2,532 SF. Three of the four units are currently occupied, with two tenants on leases that include 3% annual rent increases, while current rents remain below market, offering immediate upside through market-rate leasing. Positioned in a busy commercial corridor with excellent visibility and access, this property is a strong value-add investment. Once the vacant space is leased, you can achieve a gross annual income of $152,000 with an easy 7% cap rate at the asking price!

HOLLYWOOD PARK 4-19 B ALL OF LOT 1,LOT 2 LESS W 5 FT BLK 37

Rare opportunity to purchase a neighborhood retail/strip center right off of Sheridan St and Dixie Hwy, just minutes from I-95. This 5,082 SF multi-tenant building is divided into four units?three at approximately 850 SF and one at 2,532 SF. Three of the four units are currently occupied, with two tenants on leases that include 3% annual rent increases, while current rents remain below market, offering immediate upside through market-rate leasing. Positioned in a busy commercial corridor with excellent visibility and access, this property is a strong value-add investment. Once the vacant space is leased, you can achieve a gross annual income of $152,000 with an easy 7% cap rate at the asking price!

City:Hollywood,Zoning:DH-1,List A O R:A-Miami Association of REALTORS,Stories:1,Flooring:1:Tile,Latitude:26.0318585,Cooling Y N:1,Heating Y N:1,List Price:1700000,Listing Id:A11838109,Longitude:-80.1536597,Mls Status:Active,Year Built:1963,Postal Code:33020,Street Name:23rd Ave,Coordinates:1:26.0318585,Photos Count:16,Business Type:1:Shopping Center,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,On Market Date:2025-07-13,Parcel Number:514209056090,Property Type:Commercial Sale,Stories Total:1,Street Number:2300,Public Remarks:Rare opportunity to purchase a neighborhood retail/strip center right off of Sheridan St and Dixie Hwy, just minutes from I-95. This 5,082 SF multi-tenant building is divided into four units?three at approximately 850 SF and one at 2,532 SF. Three of the four units are currently occupied, with two tenants on leases that include 3% annual rent increases, while current rents remain below market, offering immediate upside through market-rate leasing. Positioned in a busy commercial corridor with excellent visibility and access, this property is a strong value-add investment. Once the vacant space is leased, you can achieve a gross annual income of $152,000 with an easy 7% cap rate at the asking price!,Structure Type:1:Shopping Center,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2010,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:N,Tax Annual Amount:15637,Unparsed Address:2300 N 23rd Ave, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:5082,Building Area Units:Square Feet,Lot Size Square Feet:12778,Number Of Buildings:1,Original List Price:1700000,Public Survey Range:51,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Rare opportunity to purchase a neighborhood retail/strip center right off of Sheridan St and Dixie Hwy, just minutes from I-95. This 5,082 SF multi-tenant building is divided into four units?three at approximately 850 SF and one at 2,532 SF. Three of the four units are currently occupied, with two tenants on leases that include 3% annual rent increases, while current rents remain below market, offering immediate upside through market-rate leasing. Positioned in a busy commercial corridor with excellent visibility and access, this property is a strong value-add investment. Once the vacant space is leased, you can achieve a gross annual income of $152,000 with an easy 7% cap rate at the asking price!,Listing Contract Date:2025-07-13,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Street Number Numeric:2300,Tax Legal Description:HOLLYWOOD PARK 4-19 B ALL OF LOT 1,LOT 2 LESS W 5 FT BLK 37,Public Survey Township:51,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial,Contract Status Change Date:2025-07-13,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,