5701 Johnson St
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5701 Johnson St
2,772 SF Retail Building Hollywood, FL 33021 $1,150,000 ($415/SF) 6.26% Cap Rate
Investment Highlights
- Day time traffic count 21,000 cars daily
Executive Summary
This freestanding property consists of 2,772 square feet, and it is well situated on a 12,146 SF lot. The main building is a 2,772 SF fully builtout restaurant with an outdoor patio. Traffic count exceeds 21k cars per day. The zoning is C3 Medium Intensity Commercial District zoning allows most commercial uses including nightclubs, cocktail lounges, and bars, as well as general office, medical office, and retail.
Financial Summary (Pro forma - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$25.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$25.97
|
| Taxes |
$11,912
|
$4.30
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,912
|
$4.30
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $25.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $25.97 |
| Taxes | |
|---|---|
| Annual | $11,912 |
| Annual Per SF | $4.30 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,912 |
| Annual Per SF | $4.30 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,772 SF
Building Class
C
Year Built
1961
Price
$1,150,000
Price Per SF
$415
Cap Rate
6.26%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.28 AC
Zoning
C-3 - C-3 Medium Intensity Commercial District.
Parking
10 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 51-41-12-04-0950 | Total Assessment | $500,250 (2024) |
| Land Assessment | $121,460 (2024) | Annual Taxes | $11,912 ($4.30/SF) |
| Improvements Assessment | $378,790 (2024) | Tax Year | 2022 Payable 2022 |
PROPERTY TAXES
Parcel Number
51-41-12-04-0950
Land Assessment
$121,460 (2024)
Improvements Assessment
$378,790 (2024)
Total Assessment
$500,250 (2024)
Annual Taxes
$11,912 ($4.30/SF)
Tax Year
2022 Payable 2022
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5701 Johnson St
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