For Sale
$1,500,000

5655-5659 Johnson StHollywood, FL 33021

High-Yield Corner Lot Retail & Residential

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property, located at 5655-5659 Johnson St #9 in Hollywood, Florida, presents a compelling investment opportunity. The 5,663 square foot building, constructed in 1960, boasts a prime corner lot location in central Hollywood, offering excellent visibility and accessibility. The property comprises three retail storefronts, currently operating as a convenience store, and six residential units, generating a combined annual revenue exceeding $175,000. Its strategic location places it within close proximity to major highways, the turnpike, and a vibrant commercial district featuring restaurants, shopping centers, the Hard Rock Casino, Hard Rock Stadium, Gulfstream Park, and nearby beaches. This presents a unique opportunity to acquire a well-established, income-producing asset in a high-growth area. The asking price of $1,500,000 is considered below market value, making this an attractive proposition for discerning investors. The seller is motivated to sell, offering a potentially advantageous negotiation opportunity. This property is zoned for mixed-use development, offering potential for future expansion or redevelopment. The building's strong rental history and consistent cash flow make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request.

Highlights

  • 5,663 SF mixed-use building on a prime corner lot in Hollywood, FL.
  • Three retail units and six residential units generating over $175,000 annual revenue.
  • Excellent location near major highways, the turnpike, and numerous amenities.
  • Asking price of $1,500,000, considered below market value.
  • Mixed-use zoning allows for future expansion or redevelopment.

Property Details for 5655-5659 Johnson St

Property type
Retail properties, Mixed-use properties
Square Feet
5,663 SF
Year Built
1960

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.01805
Longitude
-80.201659
5655-5659 Johnson St, Hollywood, Florida

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5655-5659 Johnson St
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