Commercial property in Hollywood, Florida № 1986195

Property description

Prime income-producing commercial property located in Hollywood, FL. This 19,011 SF lot includes two buildings totaling 9,747 SF with strong tenants in place and a major value-add opportunity through lease-up. The property generates a current NOI of $164,000 with a projected NOI of $306,000 once the vacant unit is leased at pro-forma market rent. Tenant mix includes a lounge ($8,500 + CAM), a bar ($5,200 + CAM), and a third vacant space with pro-forma rent of $12,000 + CAM. Excellent visibility and exposure along a high-traffic commercial corridor. Flexible FH-2 zoning allows a wide range of commercial uses, including retail, restaurant, office, nightlife, and mixed-use, providing long-term stability and strong underlying land value.