310-320 NE 1st Ave, Hallandale Beach FL 33009,Hallandale Beach,Broward County,Commercial Sale

$3,600,000

Overview

Flex Space
Property Type

Description

This 9,615 SF flex space building is a perfect blend of office and true industrial, situated on a large 19,540 SF lot. The parking lot across the street is on a long-term lease with the city of Hallandale Beach and provides a tremendous amount of available parking.The property is 100% occupied by 3 tenants and is currently netting $219,307 per year, which will provide an investor with a strong 6.09% capitalization rate at full asking price. All tenants are currently month-to-month. The property can be delivered vacant for an owner-user.

Address

Open on Google Maps

Address: 1st Ave
City: Hallandale Beach
State/county: Broward County
Zip/Postal Code: 33009

Details

Updated on October 24, 2023 at 11:40 am

Price $3,600,000
Year Built 1962
Property Type Flex Space
Property Status Commercial Sale

Additional details

StreetDirPrefix NE
PublicSurveyRange 51
ShowingInstructions Appointment Only, Call Listing Office
ListAgentKey d22b15ba13cea08e1681e06c011396fd
TaxLegalDescription BEN-MEL BY THE SEA 16-3 B BLK A N 125 OF S 275 & W 5 OF 10 ALLEY ADJ
OnMarketDate 2022-08-05
ListAgentEmail John@deMarcogroup.net
ContractStatusChangeDate 2022-08-05
MajorChangeTimestamp 2023-09-01T15:06:51.797Z
PhotosCount 23
SubAgencyCompensation 2.5%
StatusChangeTimestamp 2022-08-05T16:51:52.110Z
PriceChangeTimestamp 2023-09-01T15:06:51.797Z
ListingKeyNumeric 372706618
MajorChangeType Price Decrease
ListingContractDate 2022-08-05
ListAOR A-Miami Association of REALTORS
TaxAnnualAmount 17554
ListOfficeName RE/MAX 5 Star Realty
OriginatingSystemKey miamire
BusinessType Office/Warehouse Combination
DualVariableCompensationYN no
PhotosChangeTimestamp 2022-08-05T16:53:51.218Z
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 954-361-0000
MlsStatus Active
StreetNumber 310-320
ListingKey 27ccb129c3a6d44ac1f46a5f7436a33c
StateOrProvince FL
ShowingContactType Call Listing Office
ListOfficeKey e1fcd57733fa179966a1b70145399144
BridgeModificationTimestamp 2023-09-01T15:09:31.679Z
ListAgentFullName John DeMarco
ListAgentOfficePhone 954-361-0000
ParcelNumber 514222120011
SignOnPropertyYN no
OtherExpense 0
IDXParticipationYN yes
InternetAddressDisplayYN yes
ListAgentMlsId 3134747
ModificationTimestamp 2023-09-01T15:06:51.797Z
OriginatingSystemID miamire
PreviousListPrice 3700000
DaysOnMarket 392
BuyerAgencyCompensationType %
ListOfficeMlsId DBRG01
ListAgentDirectPhone 954-453-1000
StreetNumberNumeric 310
PostalCodePlus4 4207
NumberOfUnitsInCommunity 0
ExpirationDate 2024-02-29
SyndicationRemarks This 9, 615 SF flex space building is a perfect blend of office and true industrial situated on a large 19, 540 SF lot. Parking lot across the street is on a long term lease with the city of Hallandale Beach and provides a tremendous amount of available parking. The building as well as the adjacent lot is being sold for $4, 250, 000. The property is 100% occupied by 3 tenants and is currently netting $184, 368 per year which will provide an investor with a strong 5.12% capitalization rate at full asking price. All tenants are currently month to month. The property can be delivered vacated for an owner user.
ListAgentStateLicense 3134747
PublicSurveyTownship 51
ListOfficeFax 954-361-0070
ListingAgreement Exclusive Right To Sell
PublicSurveySection 22
ListingId A11252431
SpecialListingConditions Sale
OriginalListPrice 4500000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 2.5%
InternetAutomatedValuationDisplayYN no
OriginalEntryTimestamp 2022-08-05T16:51:52.110Z
SourceSystemKey 372706618
LotSizeSquareFeet 13910
InternetConsumerCommentYN no
BuildingAreaTotal 9615