7201 Sheridan StHollywood, FL 33024

Property Details for 7201 Sheridan St

Year built

1986

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

2,459 SF

Zone code

C-4

Property type

Retail properties

Property subtype

Gas stations

APN

51-41-03-49-0010

APU

514103490010

Description

This exceptional retail property, located at 7201 Sheridan Street in Hollywood, Florida, presents a lucrative investment opportunity. Built in 1986, this established center boasts a diverse range of income-generating businesses operating within its walls. The property includes a gas station, a convenience store, a cafeteria, a car wash, an ATM, and a lottery retailer. The current tenants benefit from a beer and wine license, and the property operates on a 24-hour schedule, maximizing revenue potential. The property is situated in Broward County, Florida, with a zip code of 33024, offering excellent visibility and accessibility for customers. Its prime location in Hollywood ensures high foot traffic and consistent customer flow. The asking price for this turnkey retail investment is $2,900,000. This property represents a strong investment opportunity for those seeking a well-established, high-performing retail center in a desirable location. The diverse tenant mix and 24-hour operation contribute to a stable and consistent income stream. The property's existing infrastructure and established clientele provide a solid foundation for future growth and profitability. This is a rare opportunity to acquire a thriving retail center in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,293,238

  6.5%

  $1,193,758

  7%

  $1,108,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,657,632

  Geo Method

  $2,657,632

• Alternative Use

  Use

  Valuation

  Residential

  $1,006,980

  Hospitality

  $922,388

  Educational

  $767,416

  Medical

  $793,809

  Retail

  $1,193,758

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0318

Longitude

-80.2331

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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