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1980 Grant St

8,640 SF Industrial Building Hollywood, FL 33020 $2,399,000 ($278/SF) 5.19% Cap Rate

Investment Highlights

  • 1980 Grant Street offers 8,640 square feet of prime industrial space to savvy investors within the Downtown Hollywood redevelopment zone.
  • Seamless connectivity 11 minutes from Fort Lauderdale/Hollywood International Airport (FLL), Port Everglades, and the Florida East Coast Rail.
  • Listed below appraisal value, a cash buyer discount is provided to discerning buyers looking for a quick and seamless closing process.
  • Recently renovated inside and out, the building offers occupants vibrant office space, a dynamic warehouse, and an additional 2,500-SF mezzanine.
  • Minutes from Hollywood Beach, commuters enjoy access to US Highway 1/N Federal Highway, Interstate 95, and Florida A1A/Ocean Boulevard.
  • To Your Door Medical (TYDM), a thriving multi-platform e-commerce company, is also linked below and available for sale on BizBuySell.

Executive Summary

Explore an incredible acquisition opportunity at 1980 Grant Street, a prime 8,640-square-foot industrial property located in the heart of Hollywood's redevelopment zone. This fully renovated building boasts a modernized environment with updated amenities and a fresh look. The office area features floor-to-ceiling windows at the entrance, complemented by polished tile floors. The well-appointed breakroom has cabinetry, refrigerator space, restrooms, and a spacious seating area.

In addition to the 8,640 square feet, a versatile 2,500-square-foot mezzanine complements the warehouse, ideal for additional storage or other uses. The building presents an efficient grade-level roll-up door for easy loading and unloading and a second-level roll-up door providing external access to the mezzanine. Enjoy the added benefit of convenient roof access for various needs and maintenance.

East of Interstate 95, approximately 1.5 miles from Hollywood Beach, and just 11 minutes from Fort Lauderdale/Hollywood International Airport (FLL), Port Everglades, and the Florida East Coast/Fort Lauderdale Rail, this location offers unparalleled accessibility. Moreover, Downtown Hollywood is undergoing a dynamic redevelopment, enhancing its value and potential.

Appraised at $2,690,000, the property is offered below value with a cash buyer's discount available for a fast closing. Additionally, there is an opportunity to acquire the associated business, To Your Door Medical (TYDM), a thriving multi-platform e-commerce company specializing in single-use, disposable medical supplies. For more information on purchasing the business, please visit the link on BizBuySell below. Take advantage of this chance to invest in a prime industrial space with excellent growth prospects and a profitable business opportunity.

Property Facts

Price $2,399,000
Price Per SF $278
Sale Type Investment
Cap Rate 5.19%
Property Type Industrial
Property Subtype Manufacturing
Building Class B
Lot Size 0.18 AC
Rentable Building Area 8,640 SF
No. Stories 2
Year Built 1961
Tenancy Single
Parking Ratio 0.93/1,000 SF
Clear Ceiling Height 18 FT
No. Drive In / Grade-Level Doors 1

Amenities

  • Mezzanine
  • Storage Space
  • Air Conditioning
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Hialeah
238,942
18
0 h 30 m
Miami
470,914
20
0 h 29 m
Orlando
285,713
218
4 h 4 m
Saint Petersburg
265,098
248
4 h 34 m
Tampa
392,890
268
4 h 56 m
Jacksonville
903,889
334
6 h 15 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,125,354
Total Labor Force
612,437
Unemployment Rate
2.63%
Median Household Income
$60,292
Warehouse Employees
69,926
High School Education Or Higher
89.20%

Nearby Amenities

Restaurants

Mile High Sandwich Shop Hyld Sandwiches - 5 min walk
Joes Old School Pizza Pizza $$ 8 min walk
Triar Seafood Co Seafood - 9 min walk
Southern Spice Southern $$ 12 min walk
Tardes Caleñas Bar Restaurant Spanish $$$ 12 min walk
Class Soiree Steakhouse Steakhouse $$$$ 11 min walk

Retail

CrossFit Fitness 7 min walk
CVS Pharmacy Drug Store 8 min walk
United States Postal Service Business/Copy/Postal Services 12 min walk
Bank of America Bank 12 min walk
Allstate Insurance Company Insurance 13 min walk
MyEyeDr. Optical 12 min walk

Hotels

Tapestry Collection by Hilton
143 rooms
6 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
51-42-03-10-5390
Land Assessment
$92,350
Improvements Assessment
$893,880
Total Assessment
$1,048,130

zoning

Zoning Code C-5 (48 - Warehousing, distribution terminals, trucking terminals, van & storage warehousing)
C-5 (48 - Warehousing, distribution terminals, trucking terminals, van & storage warehousing)
  • Listing ID: 31125302

  • Date on Market: 3/5/2024

  • Last Updated:

  • Address: 1980 Grant St, Hollywood, FL 33020

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