7601 Davie Road ExtHollywood, FL 33024

Property Details for 7601 Davie Road Ext

Year built

1959

Construction

CONCRETE

Lot size

1.54 AC

Property size (Sq ft)

15,840 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Retail space

APN

51-41-03-33-0030

APU

514103330030

Description

Prime corner location C-store in Hollywood, Florida, asking $70,000. This 1,500 square foot business boasts a 10-year lease (expiring 05/01/2034), offering 9.4 years remaining. All inventory, furniture, fixtures, a 10-door and a 5-door cooler are included. The business is equipped to process EBT payments and holds licenses for lottery sales, game machines, beer, and tobacco. Ample parking (71 spaces) and exterior security cameras enhance the property's security. Operating for 20 years, the current owner has been in place for 5 months and is selling due to personal reasons. The business benefits from a high traffic count of 15,600 vehicles per day on Davie Road Extension, a major thoroughfare strategically located between University Drive and Sterling Road, near Pembroke Memorial Hospital and numerous retailers and restaurants. The B-2 zoned property is surrounded by commercial and residential developments, offering significant upside potential with extended hours or additional merchandise. Hollywood's location near major highways (Turnpike, I-595, I-75), Ft. Lauderdale/Hollywood International Airport, and Port Everglades provides exceptional accessibility. This is a stabilized investment opportunity in a thriving commercial area. The property's APN is 514103330030.

• CAP approach

  CAP return

  Valuation

  6%

  $8,330,580

  6.5%

  $7,689,766

  7%

  $7,140,497

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,119,518

  Geo Method

  $17,119,518

• Alternative Use

  Use

  Valuation

  Residential

  $6,486,605

  Hospitality

  $5,941,696

  Educational

  $4,943,421

  Medical

  $5,113,432

  Retail

  $7,689,766

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0371

Longitude

-80.2414

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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