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1801 S Ocean Dr - Commercial Condos For Sale

9,354 SF Office/Medical Condo Unit Offered at $1,999,999 in Hallandale Beach, FL 33009

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Investment Highlights

Units: 7
Allowable Uses: House of worship, public/private schools, public facilities/utilities, food store, beauty shop, restaurant, lounges, medical offices

Traffic Count: 71,000 AADT
Gross Income: $196,715.28

Executive Summary

Aside from the prime real estate, and the ability for a buyer to control the entire retail segment of imperial towers, this unique offering provides a tremendous value add opportunity. Once leased at current market rates an investor will be able to enjoy an 11.45% Cap Rate in one of the most desired areas of South Florida.

Property Facts

Price	$1,999,999	Sale Type	Investment
Unit Size	9,354 SF	Building Class	B
No. Units	1	Floors	1
Total Building Size	9,354 SF	Typical Floor Size	9,354 SF
Property Type	Multifamily (Condo)	Year Built	1970
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Lot Size	2.37 AC

Price	$1,999,999
Unit Size	9,354 SF
No. Units	1
Total Building Size	9,354 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Sale Type	Investment
Building Class	B
Floors	1
Typical Floor Size	9,354 SF
Year Built	1970
Lot Size	2.37 AC

1 Unit Available

Unit 7

Unit Size	9,354 SF	Sale Type	Investment
Price	$1,999,999	Cap Rate	12.88%
Price Per SF	$213.81	NOI	$257,561
Condo Use	Office/Medical	APN/Parcel ID	51-42-26-BB-1401

Unit Size	9,354 SF
Price	$1,999,999
Price Per SF	$213.81
Condo Use	Office/Medical
Sale Type	Investment
Cap Rate	12.88%
NOI	$257,561
APN/Parcel ID	51-42-26-BB-1401

Description

Located at Imperial Towers, a 420 unit luxury condo building located in Hallandale Beach, between Fort Lauderdale and Miami: the property is located at the intersection of Hallandale Beach Blvd and S Ocean Drive, two of the busiest main corridors just steps away from the beach. Allowable uses for the 9,354 unit include house of worship, public/private schools, public facilities/utilities, food store, beauty shop, restaurant, lounges, and medical/professional offices.

Sale Notes

Apex Realty is proud to present a trophy retail investment opportunity located at Imperial Towers, a 420 unit luxury condo building located in Hallandale Beach.
Located between Fort Lauderdale and Miami, Hallandale Beach is strategically positioned between a diverse array of submarkets with unparalleled access to South Florida’s main commercial corridors, attractions, and amenities.
The property is located on the intersection of Hallandale Beach Blvd and S Ocean Drive, two of the busiest main corridors just steps away from the beach.