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5850 Sheridan Street, Hollywood, FL

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5850 Sheridan Street

Hollywood, FL 33021-3253 - Hollywood Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1960
Building Size:1,684 SF Land Area:.17 AC (7,405 SF)
For Sale Price:$359,000 Price/SF:$213.18
Cap Rate:-
Parking:5 Surface spaces are available; Ratio of 2.96/1,000 SF
1,684 SF is available to occupy upon purchase.

Sale Notes:
Great freestanding commercial building on busy Sheridan street just East of 441 in Hollywood Floria. Over 40,000 cars per day makes this location a perfect choice for your business. Great for law firms, spas, or any similar use.
Property has been fully updated to comply with Commercial requirements, including ADA bathroom, ADA ramp, Handicap Parking etc. Ready for an office or retail use to move in. Excellent visibility for your business.
This property is currently being rented as a residential use for $3000.00 per month. Tenant is on a month to month basis and will vacate prior to closing. Currently netting $27,092 per year providing an investor a good 7.5% Capitalization rate. Property can be rented to a commercial tenant on a triple net basis, included in this package is a pro-forma, showing when leased to a triple net tenant it would provide a NOI of $36,000 per year yielding a 10% Capitalization rate.
Please remember to not disturb the existing tenants, for all showings or additional information contact John DeMarco.

Re/Max 5 Star Realty
John DeMarco

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