Hollywood Commercial Spaces with
2450 Hollywood Boulevard CU700 & 701 Hollywood, FL 33020
2450 Hollywood Boulevard CU700 & 701, Hollywood, FL, 33020
$1,150,000
For Sale
$1,150,000
Two adjoining commercial spaces in the heart of Hollywood.
Property Size2,280 SF
Price / SF$504.39
Days on Market516
Property Features for 2450 Hollywood Boulevard CU700 & 701
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1975
Listing agency
Compass Florida, LLC
(954) 647-2900
Listed by
Andrew D Dittoe · License #3369646
(954) 647-2900
Source
Exitrealty
Added: Feb 21, 2025 Updated: Jul 10 at 12:04PM Checked: Jul 22 at 7:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Investment Insights
Based on property information with market context.
Two adjoining commercial spaces are available for purchase in Hollywood. Unit 700 offers 930 square feet, while Unit 701 provides 1350 square feet, totaling 2,280 square feet. The units can be easily combined. As corner units on the penthouse level, they feature abundant windows, natural light, and 180-degree views. The current build-out includes a total of 7 offices, two reception areas, a large bullpen/open area, and a storage room. The property includes 4 assigned parking spaces, along with ample open and guest parking. The building features a remodeled lobby with a receptionist.
Key Highlights
- Large combined space of 2,280 sf in two adjoining units with potential to easily combine.
- Penthouse level corner units with 180‑degree views and abundant natural light.
- Prime Hollywood location.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.2k | $33.00 |
| − Vacancy | −$16.6k | −$7.26 |
| EGI | $58.7k | $25.74 |
| − OpEx | −$14.7k | −$6.44 |
| NOI | $44.0k | $19.31 |
2,280 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$628.8K
$550.2K – $733.6K
NOI $44,015 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.9K
$780.5K – $1.04M
NOI $62,436 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AMV Legal Group ...
Law Firm
EduPlan
Training Center
Michelle Olds- Coastal ...
Real Estate Agency
Health Options USA
Insurance Agency
Genesis University
Religious School
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two adjoining commercial spaces in the heart of Hollywood.
Where is this office units located?
The property is located at 2450 Hollywood Boulevard CU700 & 701 Hollywood, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Large combined space of 2,280 sf in two adjoining units with potential to easily combine.; **Penthouse level corner units with 180‑degree views and abundant natural light.**; Prime Hollywood location.
