Mixed-Use Property with 48
1610 North Dixie Highway Unit 148 Hollywood, FL 33020
1610 North Dixie Highway Unit 148, Hollywood, FL, 33020
$4,750,000
For Sale
$4,750,000
48-unit mixed-use asset includes apartments, office spaces, retail, and storage under DH-3 zoning.
Property Size14,430 SF
Lot Size0.63 Acres
Price / SF$329.18
Days on Market176
Property Features for 1610 North Dixie Highway Unit 148
General Information
- Standard status
- Active
- Size
- 14,430 SF
- Lot size
- 0.63 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1970
Listing agency
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed by
Elior Levi · License #3574869
(786) 748-7373
Source
Compass
Added: Jan 27 Updated: Jul 22 at 7:58AM Checked: Jul 22 at 7:58AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This for-sale mixed-use property comprises 48 units and is currently configured with 41 studio apartments, 2 one-bedroom/one-bath units, 3 office spaces, 1 retail store, and 1 storage unit. Only 13 units are currently occupied, with the majority vacant and requiring full rehab.
The property is listed with existing liens/violations and is priced accordingly for a cash-only buyer, creating a value-add and repositioning or redevelopment focus. The site is zoned DH-3, which the seller states may allow redevelopment potential of approximately 90 residential units or alternative uses such as warehouse.
The location is described as just minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches.
The property is listed with existing liens/violations and is priced accordingly for a cash-only buyer, creating a value-add and repositioning or redevelopment focus. The site is zoned DH-3, which the seller states may allow redevelopment potential of approximately 90 residential units or alternative uses such as warehouse.
The location is described as just minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown Hollywood, Young Circle, and the beaches.
Key Highlights
- 48‑unit mixed‑use property on a 27,393 SF lot at 1610 N Dixie Hwy in Hollywood
- Unit mix includes 41 studio apartments, 2 1BD/1BA units, 3 office spaces, 1 retail store, and 1 storage unit
- Only 13 units currently occupied; majority vacant and requiring full rehab
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 | $476.2k | $33.00 |
| − Vacancy | −$104.8k | −$7.26 |
| EGI | $371.4k | $25.74 |
| − OpEx | −$92.9k | −$6.44 |
| NOI | $278.6k | $19.31 |
14,430 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.98M
$3.48M – $4.64M
NOI $278,571 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$3.44M
$3.01M – $4.01M
NOI $240,519 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$5.65M
$4.94M – $6.59M
NOI $395,151 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
No Name
Apartment Complex
GoMobileFix.com
Computer & Electronic Repair
CodeBlue Training
Training Center
Aven Florida
Apartment Building
Seamless Gutters Hollywood ...
Hardware & Home Improvement
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FAQs
What type of property is this?
Apartment building - 48-unit mixed-use asset includes apartments, office spaces, retail, and storage under DH-3 zoning.
Where is this apartment building located?
The property is located at 1610 North Dixie Highway Unit 148 Hollywood, FL.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 48‑unit mixed‑use property on a 27,393 SF lot at 1610 N Dixie Hwy in Hollywood; Unit mix includes 41 studio apartments, 2 1BD/1BA units, 3 office spaces, 1 retail store, and 1 storage unit; Only 13 units currently occupied; majority vacant and requiring full rehab
