Hallandale Beach, FL

310-320 NE 1st Ave, Hallandale Beach FL 33009

$3,600,000

Key Details

Status
Active
Property Type
Flex Space
Year Built
1962

Overview

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.

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