For Sale
$2,860,000

707 Dixie HwyHallandale Beach, FL 33009

High-traffic location, established business included.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Hallandale Beach, Florida, presents a 4,850 square foot warehouse ideally situated on a 13,753 square foot lot with direct frontage on North Dixie Highway. This single-tenant, Class C industrial property boasts 15-foot high ceilings and two street-level roll-up doors, enhancing functionality and accessibility. The building also includes a well-maintained office area complete with a waiting room. Currently operating at 100% occupancy, the property generates a pro-forma NOI of $200,000, representing a 6.99% pro-forma cap rate on the $2,860,000 asking price. The $589.69 per square foot price reflects the property's prime location and unique features. Zoned Central RAC, the property's permitted uses are diverse, encompassing office, retail, multifamily, and restaurant possibilities. A significant advantage is its grandfathered approval for auto collision, mechanic, and auto dealership operations, a rare and highly desirable attribute in this market. The sale encompasses the business value, licenses, equipment, and inventory, providing a seamless transition for the new owner. This fully fenced property presents a turnkey operation with immediate income potential. The building was constructed in 1965 and is located in Broward County, Florida, zip code 33009.

Highlights

  • High-traffic location on Dixie Highway, Hallandale Beach, Florida.
  • 4,850 SF warehouse with fully fenced yard on a 13,753 SF lot.
  • Established business included with all necessary licenses, equipment, and inventory.
  • $2,860,000 asking price; 6.99% pro-forma cap rate; $200,000 pro-forma NOI.

Property Details for 707 Dixie Hwy

Property type
Warehouses, Industrial properties
Square Feet
4,850 SF
Class
C
Year Built
1965
Buildings
1
Units
1

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.9932567
Longitude
-80.1489732
707 Dixie Hwy, Hallandale Beach, Florida

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707 Dixie Hwy
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