230 Dixie HwyHallandale Beach, FL 33009

Property Details for 230 Dixie Hwy

Year built

1984

Construction

CONCRETE

Lot size

0.57 AC

Property size (Sq ft)

7,358 SF

Zone code

CENTRAL RAC

Property type

Office buildings

APN

51-42-28-02-2870

APU

514228022870

Description

This exceptional two-story, 7,358 square foot medical office building, located at 230 S Dixie Hwy in Hallandale Beach, Florida, presents a rare investment opportunity. Recently renovated in 2023, this Class B building offers 4,634 square feet of net rentable space, perfectly suited for a variety of medical practices. The building features eight exam rooms, imaging space, and procedural areas on the first floor, with the second floor providing ample space for expansion or additional office functions. With 26 parking spaces and highly visible signage, this property boasts an ideal layout for optimal functionality and patient convenience. Situated in the Central RAC District, this prime location is less than a mile from HCA Aventura Hospital, providing unparalleled access to a large patient base. Its proximity to major thoroughfares like I-95 and Biscayne Boulevard, along with its close proximity to Gulfstream Park and Aventura Mall, ensures excellent visibility and accessibility. The building is currently vacant, offering immediate occupancy for the new owner/user, and is available for purchase at $3,300,000. Built in 1984, this fee-simple property represents a unique chance to acquire a highly desirable medical office building in a market with near-zero vacancy and strong demand. The property's APN is 514228022870.

• CAP approach

  CAP return

  Valuation

  6%

  $3,912,304

  6.5%

  $3,611,358

  7%

  $3,353,403

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,817,084

  Geo Method

  $2,817,084

• Alternative Use

  Use

  Valuation

  Residential

  $4,478,084

  Hospitality

  $4,101,900

  Educational

  $3,412,733

  Medical

  $3,530,102

  Retail

  $5,308,696

Location Insight

City

Hallandale Beach

County

Broward

State

Florida

Latitude

25.9822

Longitude

-80.1488

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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