2300 N 23rd Ave - Light Distribution FOR SALE


Hollywood, FL 33020- North Central Hollywood
$1,700,000 USD
954-743-7594
2300 N 23rd Ave, Hollywood, FL for Sale
$1,700,000 USD
Light Distribution - FOR SALE
1/14
null | Request Cap Rate

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2300 N 23rd Ave
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • Three of the four units are occupied, with two tenants on leases featuring 3% annual rent increases, offering built-in income growth.
  • Current rent is below market—providing strong potential for rental growth and immediate upside through lease adjustments to market rates.
  • Located in a busy commercial corridor with excellent visibility, access, foot traffic, and proximity to major highways and established retailers.
  • Strong value-add investment—once the vacant space is leased, projected gross annual income reaches $152,000.

OVERVIEW

Rare opportunity to acquire a neighborhood retail strip center just off Sheridan St and Dixie Hwy, minutes from I-95. This 5,082 SF multi-tenant building is divided into four units—three at approximately 850 SF and one at 2,532 SF—with three of the four currently occupied. Two tenants have leases with 3% annual rent increases, and current rents remain below market, offering immediate upside through market-rate adjustments. Located in a high-traffic commercial corridor with excellent visibility and access, this property presents a strong value-add investment. Once the vacant unit is leased, the asset can generate a gross annual income of $152,000, delivering a 7% cap rate at the asking price.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Plaza 2300

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

14.583333333333334 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.31

LAND SF

13,504

ZONING

DH-1

APN/PARCEL ID

51-42-09-05-6070

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.