6140 Hollywood Blvd - Retail FOR SALE


Hollywood, FL 33024- Beverly Park
$2,000,000 USD
305-793-2826
6140 Hollywood Blvd, Hollywood, FL for Sale
$2,000,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

6140 Hollywood Blvd
Hollywood, FL 33024
Beverly Park


HIGHLIGHTS

  • All tenants occupy MTM or short-term leases at well below-market rents (~$19-20/SF Gross), offering significant upside to increase income.
  • Situated along Hollywood Blvd with approximately 51,000 VPD and two pylon signs, the property provides excellent visibility and accessibility.
  • The +/- 6,400 SF building is divided into 3 retail units ranging from 1,600 to 3,200 SF, including one contiguous 3,200 SF space.
  • Constructed with a Twin-T concrete roof replaced in 2011, the property is separately metered with three electric meters and two water meters.
  • Positioned just off Florida Turnpike (SR 91) Northbound at Exit 49 for convenient northbound access to Orlando and southbound access to Miami.

OVERVIEW

Marcus & Millichap is pleased to present 6140–6144 Hollywood Boulevard in Hollywood, Florida, a ±6,400 SF retail property offering exceptional value-add potential. The building is comprised of three retail bays ranging from approximately 1,600 to 3,200 SF, including one contiguous 3,200 SF unit that can be subdivided to maximize leasing opportunities. Current tenants occupy two month-to-month and one short-term leases at below-market rents averaging $19-20 PSF Gross, presenting a clear opportunity for an investor to increase income by adjusting rents toward market levels of $25–$30 PSF Net. Constructed with a Twin-T concrete roof replaced in 2011, the property is separately metered with three electric meters and two water meters. Its layout is well-suited for local service and retail tenants, providing both ease of leasing and re-tenanting flexibility. Strategically located along Hollywood Boulevard with approximately 51,000 vehicles per day and enhanced by two pylon signs, the property offers outstanding visibility and accessibility. Zoned S-MU (South Mixed Use District) within the Transit Oriented Corridor, the site allows for development of up to 50 dwelling units with a maximum height of 175 feet. A bus stop directly in front of the property adds convenient transit access. The property is ideally positioned just off Florida Turnpike (SR 91) Northbound at Exit 49, providing direct access to Hollywood Boulevard /Pines Boulevard, with seamless northbound routes to Orlando and southbound routes to Miami. It is located 3.3 miles from Seminole Hard Rock Hotel & Casino, 4.3 miles from the shops and restaurants of Downtown Hollywood Boulevard, and 4.9 miles from Hard Rock Stadium, benefiting from strong local traffic and continued economic activity in the surrounding area. Owner financing may be available. Please consult the listing agent for further details.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hollywood Retail Strip

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,730 SF

ZONING

S-MU

APN/PARCEL ID

51-41-13-18-0140

ASK ABOUT THIS PROPERTY

Matthew AlbregtsMarcus & MillichapMore Info
305-793-2826

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Matthew AlbregtsMarcus & MillichapMore Info
305-793-2826

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