1801 Ocean DrHallandale Beach, FL 33009

This exceptional retail investment opportunity in Hallandale Beach, Florida, presents a vacant 9,354 square foot building situated on a 9,354 square foot lot. The property, built in 1970, is zoned RM-HD-2 and features seven units, ideal for a variety of retail uses, including grocery, beauty shop, or food store concepts. Currently vacant, this property offers a significant value-add opportunity for an investor to lease at current market rates, potentially achieving a substantial return. The asking price is $1,999,999, translating to $213.81 per square foot. Financial projections indicate a pro-forma NOI of $257,561 and a pro-forma cap rate of 12.88%. Located at 1801 South Ocean Drive, in Broward County, zip code 33009, this property benefits from its prime location and high visibility. The property consists of one building and is offered as a NNN lease. This is a rare chance to acquire a significant retail asset in a highly desirable South Florida market. The property's existing structure and zoning provide flexibility for various retail uses, making it an attractive investment for both experienced and emerging investors seeking strong returns. The location offers excellent access to major transportation routes and a dense residential population. This is a unique opportunity to capitalize on the thriving retail market in Hallandale Beach.