For Sale
$1,375,000

3800 Ocean DrHollywood, FL 33019

Prime South Florida location, high-income area.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 2,593 square foot storefront and executive office space located at 3800 S Ocean Dr, Unit G-9, Hollywood, FL 33019, in Broward County. This property, currently 100% occupied by a successful CPA firm for over 15 years, boasts recently remodeled upscale interiors including nine private offices and a conference room. The asking price is $1,375,000, representing a 5.00% cap rate. The lease is a NNN single-tenancy agreement with five years remaining. The property is zoned C-1, allowing for a variety of uses including offices, personal services, retail sales, and more. Its strategic location offers proximity to major retailers, residences, and other businesses. The surrounding area demonstrates strong demographics, with an average household income of $72,722 (within a 5-mile radius in 2019) and a projected population of 308,733 (within a 5-mile radius in 2024). Seller financing is available with a 25% to 30% down payment. A leaseback option is also available at $5,400 per month for three years, with two additional two-year options at a 5% cap rate. This presents a compelling opportunity for both income generation and future appreciation.

Highlights

  • 2,593 sq. ft. remodeled building with 9 private offices and a conference room.
  • Excellent location near major retail, residential, and commercial properties.
  • C-1 zoning allows for offices, retail, and other uses.
  • Seller financing available with 25-30% down.
  • Owner will leaseback for 3 years at $5,400/month, with options to extend.
  • Strong demographics: $72,722 average household income (5-mile radius) and projected 308,733 population (5-mile radius) in 2024.

Property Details for 3800 Ocean Dr

Property type
Retail properties, Office properties
Square Feet
2,593 SF

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
25.9890122
Longitude
-80.1200201
3800 Ocean Dr, Hollywood, Florida

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3800 Ocean Dr
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