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Intense commercial business district lot 4816 Pembroke Rd

840 SF Industrial Building Hollywood, FL 33021 $1,700,000 ($2,024/SF) 4.87% Cap Rate

Investment Highlights

  • Permitted for outdoor storage, commercial use

Executive Summary

Located on a 20,000 SqFt lot. Intense commercial business district property for sale, currently used for commercial retail use, and also outdoor equipment storage. Located on Pembroke rd. with great exposure/high traffic. Long term tenant on year to year, currently occupying until April 2025 paying under market rental rate, plus the billboard produces passive income of $10,800/year from the DOT. Wide variety of uses allowed. Gated and very secure. Has a small office on site. Please do not disturb the tenants. Possibly seller financing.

Property Facts

Price $1,700,000
Price Per SF $2,024
Sale Type Investment or Owner User
Cap Rate 4.87%
Sale Conditions Lease Option
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.59 AC
Rentable Building Area 840 SF
No. Stories 1
Year Built 1956
Tenancy Single
Clear Ceiling Height 10 FT
Opportunity Zone Yes

Amenities

  • Fenced Lot
  • Air Conditioning

Utilities

  • Lighting
  • Water
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
51-42-19-01-6981
Land Assessment
$185,850
Improvements Assessment
$75,310
Total Assessment
$261,160

zoning

Zoning Code B-3 (Heavy commercial)
B-3 (Heavy commercial)
  • Listing ID: 25982856

  • Date on Market: 6/21/2022

  • Last Updated:

  • Address: 4816 Pembroke Rd, Hollywood, FL 33021

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