Price History
$1,200,000
6/1/2023
$1,299,000
1/11/2024
1922 Tyler St, Hollywood, FL, 33020
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.
Status:
Active
Type:
Commercial
Zoning:
ND-3
Est. Taxes:
$7,093
Days on Market:
231
MLS #:
A11396817
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Listing courtesy of RE/MAX 5 Star Realty Phone: 954-361-0000