707 Dixie HwyHallandale Beach, FL 33009

Property Details for 707 Dixie Hwy

Year built

1965

Property size (Sq ft)

4,850 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

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.

Location Insight

City

Hallandale Beach

County

Broward

State

Florida

Latitude

25.9933

Longitude

-80.149

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