Address1922 Tyler St, Hollywood, FL, 33020-4517
Price$1,299,000
- Commercial Sale
- Built in 1955
The subject property consists of 1,517 SF of office space on a 3,031 SF lot. Currently built out as a general office. This property also works very well for an investor. An investor can lease the property at a market rate of $58.19 p/SF NNN after closing. This will provide a net annual income of $88,274.23 and a 6.8% capitalization rate at full asking price. The zoning allows the building to be expanded to 2 stories / 6,000+ SF with no parking variance needed. Also, residential is permitted above the ground floor. Enjoy all the benefits of a downtown workplace which includes great business retail visibility, desirable employee work place location, close proximity to top restaurants and nightlife, major national events, and ample parking.
Essential Information
- MLS® #A11396817
- Price$1,299,000
- Bathrooms0.00
- Acres0.00
- Year Built1955
- TypeCommercial Sale
- Sub-TypeOffice
- StatusActive
Community Information
- Address1922 Tyler St
- Area3070
- CityHollywood
- CountyBroward County
- StateFL
- Zip Code33020-4517
Additional Information
- Date ListedJune 1st, 2023
- Days on Website339
Listing Details
- OfficeRE/MAX 5 Star Realty
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