5981 Funston StHollywood, FL 33023

Property Details for 5981 Funston St

Year built

1976

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

4,776 SF

Zone code

S-MU

Property type

Office properties

Property subtype

Office buildings

APN

51-41-24-15-0760

APU

514124150760

Description

This exceptional 4,500 square foot commercial property, situated on a spacious 1.94-acre lot in Hollywood, Florida, presents a unique investment opportunity. The building, a Class C property constructed in 1976 and extensively renovated in 2018, offers a blend of traditional office and flex space, ideal for a variety of uses. Currently zoned M1 and C4, the property boasts a two-story structure with convenient drive-in access featuring two drive-in bays. The multiple tenancy setup allows for flexibility in leasing arrangements. Located at 5981 Funston St, Hollywood, FL 33023, in Broward County, this property is perfectly positioned to capitalize on the thriving Hollywood market. The existing configuration includes two available spaces, each with 400 square feet and two parking spaces, meeting state requirements. Additional parking is available on-site, providing ample space for customers and employees. This versatile property is well-suited for businesses seeking a blend of office and retail or industrial space, offering a prime location and substantial square footage in a highly desirable area. The property's recent renovation ensures modern amenities and functionality, making it an attractive option for discerning investors and businesses alike. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,374,601

  6.5%

  $1,268,862

  7%

  $1,178,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,048,331

  Geo Method

  $2,048,331

• Alternative Use

  Use

  Valuation

  Residential

  $1,573,389

  Hospitality

  $1,441,216

  Educational

  $1,199,075

  Medical

  $1,240,313

  Retail

  $1,865,228

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0006

Longitude

-80.2064

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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