2950 28Th TerHollywood, FL 33020

Property Details for 2950 28Th Ter

Year built

1967

Construction

CONCRETE

Lot size

1.78 AC

Property size (Sq ft)

25,988 SF

Zone code

IM-1

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

51-42-04-04-0164

APU

514204040164

Description

This exceptional commercial property in Hollywood, Florida, offers unparalleled visibility and accessibility. Strategically located along I-95, this three-building complex provides a highly sought-after location for businesses seeking maximum exposure and convenience. The main building, totaling 24,367 square feet, is available for lease as a single-tenant occupancy. This building features two stories and boasts 200 feet of frontage. Ample parking is available with 150 spaces provided for tenants and their guests. The property is zoned IM-1, offering flexibility for a variety of business uses. While this 24,367 sq ft building is offered separately, an adjacent building with an additional 10,151 square feet is also available for lease, presenting an opportunity for expansion or consolidation. The lease rate is $24 per square foot, NNN. This location provides easy access to major transportation arteries, ensuring seamless commutes for employees and clients. The property's prominent position along I-95 guarantees high visibility and significant brand exposure. This is an exceptional opportunity to secure a prime commercial space in a thriving Hollywood location. The property's APN is 514204040164.

• CAP approach

  CAP return

  Valuation

  6%

  $11,529,149

  6.5%

  $10,642,291

  7%

  $9,882,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,275,886

  Geo Method

  $17,275,886

• Alternative Use

  Use

  Valuation

  Residential

  $10,642,291

  Hospitality

  $9,748,282

  Educational

  $8,110,456

  Medical

  $8,389,387

  Retail

  $12,616,265

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0366

Longitude

-80.165

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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