3702 Washington StHollywood, FL 33021

Property Details for 3702 Washington St

Year built

1994

Construction

CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

43,606 SF

Zone code

HD

Property type

Office properties

Property subtype

Office buildings

APN

51-42-20-06-0012

APU

514220060012

Description

This exceptional medical office building, located at 3702 Washington Street in Hollywood, Florida (zip code 33021), offers a unique opportunity for healthcare practices. The 41,824 square foot building, constructed in 1994, boasts multiple tenancies and currently has 3,000 square feet of vacant space available. Suites range from a minimum of 1,355 square feet, providing flexibility for various practice sizes. The building benefits from a highly desirable location, situated between a 324-bed hospital and a parking structure, ensuring convenient access for patients and staff. Recent ownership changes have resulted in a complete renovation of the medical office spaces, making them move-in ready. The adjacent hospital offers a wide range of specialties, including rehabilitation, sports medicine, women's services, and emergency care. Notably, the building is home to the Memorial Rehabilitation Institute, the largest provider of physical rehabilitation services in South Florida. This strategic location within the sought-after Hollywood/Broward submarket presents a compelling investment opportunity for healthcare professionals seeking a modern, well-equipped, and conveniently located space. The building's proximity to a major hospital and its comprehensive renovation make it an ideal setting for a thriving medical practice.

• CAP approach

  CAP return

  Valuation

  6%

  $15,600,875

  6.5%

  $14,400,808

  7%

  $13,372,179

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,701,742

  Geo Method

  $18,701,742

• Alternative Use

  Use

  Valuation

  Residential

  $17,857,002

  Hospitality

  $16,356,917

  Educational

  $13,608,763

  Medical

  $14,076,790

  Retail

  $21,169,188

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0022

Longitude

-80.1808

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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