Park Sheridan Plaza, located at 3301-3357 Sheridan Street in Hollywood, Florida (33021), presents a compelling retail investment opportunity. This single-story, 50,000 square foot Class B center, built in 1975 and renovated in 2007, boasts a prime location at the busy intersection of Sheridan Street and North Park Road, experiencing over 52,000 vehicles daily. The property is zoned C1 and situated in Broward County, offering convenient access to major transportation arteries including I-95, the Turnpike, 595, and the Sheridan Street Tri-Rail Station, ensuring high visibility and accessibility for businesses. Multiple suites are currently available, ranging from 1,062 to 3,456 square feet, providing flexibility for various retail, personal service, and restaurant concepts. The center features modern impact glass storefronts and benefits from local management. Established tenants include Starbucks, AT&T, Club Pilates, Midnight Cookies, and Tijuana Flats, creating a vibrant and diverse tenant mix. This property offers a strong foundation for growth and profitability in a thriving commercial area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$28,313,452
6.5%
$26,135,494
7%
$24,268,674
Comparable approach
Method
Valuation
Relative Method
$58,184,744
Geo Method
$58,184,744
Alternative Use
Use
Valuation
Residential
$22,046,268
Hospitality
$20,194,262
Educational
$16,801,390
Medical
$17,379,214
Retail
$26,135,494
Location Insight
City
Hollywood
County
Broward
State
Florida
Latitude
26.0338
Longitude
-80.1762
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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