425 21St AveHollywood, FL 33020

Property Details for 425 21St Ave

Year built

1956

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

3,446 SF

Zone code

DH-3

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

51-42-15-01-0800

APU

514215010800

Description

This exceptional Hollywood, Florida storefront offers a compelling investment opportunity. Located at 425 S 21st Ave, this 3,700 square foot mixed-use property boasts 3,500 square feet of net rentable space, currently 100% occupied with all tenants on one-year leases, generating a strong NOI of $75,000 (5.40% cap rate, with a pro-forma cap rate of 7.33% and pro-forma NOI of $101,833). The property features a recently remodeled interior, central air conditioning, and sits on a high-visibility corner lot in the desirable DH-3 zoning district, allowing for a wide range of commercial and retail uses, with potential for up to 10 stories and 140 feet in height. Its prime location, minutes from Hollywood Boulevard and within the Hollywood CRA Development District, ensures excellent exposure and potential for future appreciation. The property includes two street-facing retail units and a 2-bedroom, 1-bathroom residential unit in the rear, making it perfect for owner-occupancy or as a lucrative investment. The 6,000 square foot lot provides ample space, and a fresh mural enhances the curb appeal. APN: 5142-15-01-0800. Asking price: $1,390,000 ($375.68/sq ft). Fee simple ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $1,528,761

  6.5%

  $1,411,164

  7%

  $1,310,367

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,290,777

  Geo Method

  $2,290,777

• Alternative Use

  Use

  Valuation

  Residential

  $1,411,164

  Hospitality

  $1,292,619

  Educational

  $1,075,444

  Medical

  $1,112,430

  Retail

  $1,672,912

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0078

Longitude

-80.1484

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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