5725 Pembroke RdHollywood, FL 33023

This fully renovated 2,200 square foot freestanding retail building in Hollywood, Florida, presents a compelling investment opportunity. Located at 5725 Pembroke Road, this property boasts a prime location on a busy thoroughfare, ensuring high visibility and foot traffic. The building, constructed in 1969, has undergone recent renovations, including a new AC unit and main sewer line, ensuring modern functionality and appeal. Currently owner-occupied and to be delivered vacant, the property offers flexibility for owner-users or new tenants. The C-3 zoning allows for a variety of uses, including convenience stores, QSR/fast food, and storefronts. The 0.12-acre lot includes four convenient parking spaces directly in front of the building. With a strong pro-forma NOI of $55,000 and a 7.87% pro-forma cap rate, this property offers a solid return on investment. The asking price is $699,000 ($317.73/sq ft). New development adjacent to the property further enhances its long-term appreciation potential. The property's APN is 514124120190.