6770 Taft StHollywood, FL 33024

Property Details for 6770 Taft St

Year built

1960

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

1,331 SF

Zone code

O-1

Property type

Office properties

Property subtype

Office buildings

APN

51-41-11-19-0100

APU

514111190100

Description

This exceptional Hollywood, Florida office building, located at 6770 Taft Street, presents a unique investment opportunity at an asking price of $695,000. Constructed in 1960, this property boasts a proven track record, having successfully operated as a real estate office for the past 22 years. The building comprises four private offices, two bathrooms, and a dedicated conference room, providing ample space for a variety of professional uses. Recent upgrades include a brand new metal roof, ensuring long-term durability and protection. Furthermore, the property features hurricane impact windows, offering peace of mind and enhanced security. The building's versatile layout makes it ideally suited for a range of businesses, including law firms, medical practices, or insurance agencies. Situated in Broward County, Florida, with a zip code of 33024, this property benefits from a convenient location within the vibrant Hollywood community. While the lot size is not specified, the building itself offers a substantial and well-maintained workspace ready for immediate occupancy. This is a rare opportunity to acquire a well-established and updated commercial property in a desirable location. The combination of its history, recent improvements, and versatile design makes this an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $476,191

  6.5%

  $439,560

  7%

  $408,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $570,839

  Geo Method

  $570,839

• Alternative Use

  Use

  Valuation

  Residential

  $545,055

  Hospitality

  $499,267

  Educational

  $415,385

  Medical

  $429,670

  Retail

  $646,154

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0242

Longitude

-80.2235

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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