Commercial Building Opportunity – Hollywood
Property Overview
Seven-unit general commercial property on a 0.53-acre lot with a ~6,300 rentable sqft
Efficient multi-tenant layout with strong lease-up potential
AADT (Average Daily Traffic) of ~17,800
Zoned C-JS (Central Johnson Street District) which makes it suitable for various used like Retail Store/Plaza, Office Building, Restaurant/Cafe/ QSR, Laundromat, Convenience Store, General Commercial buildings, etc.
Current Gross Rent: $11,148/month
Current NOI: $97,454.23
Potential Gross Rent: $14,175/month
Potential NOI: $170,100
Rentable Sqft: 6,300
Asking price: $1,925,000 with OWNER FINANCING option
Down Payment: $700,000 (due at closing)
Note: $1,225,000
Payments to Seller: $6,902.55/month | $82,830.56/year
Interest Rate: 5.25% with a 5-year balloon
Amortization period: 30 Years
No prepayment Penalty
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.