Freestanding Redevelopment Restaurant
6028 Washington Street Hollywood, FL 33023
6028 Washington Street, Hollywood, FL, 33023
$550,000
For Sale
$550,000
Vacated and cleared freestanding building on a 5,527 sq. ft. lot, zoned for mixed-use development up to 80 feet.
Property Size1,282 SF
Lot Size0.13 Acres
Price / SF$429.02
Days on Market8
Property Features for 6028 Washington Street
General Information
- Standard status
- Active
- Size
- 1,282 SF
- Lot size
- 0.13 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1952
Listing agency
Exclusive Premier Realty
(954) 536-6113
Listed by
Steve Cassidy · License #R11139742
(954) 536-6113
Source
Lehmannflorida
Added: Jul 14 Updated: Jul 19 at 2:08AM Checked: Jul 21 at 3:23AM
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 Exclusive Premier Realty
Investment Insights
Based on property information with market context.
This for-sale property includes a 1,282 sq. ft. freestanding commercial building on a 5,527 sq. ft. lot. The building was previously operated as a restaurant and has been vacated and cleared, giving the next owner a blank canvas to renovate the existing structure or pursue other redevelopment options.
Zoned for mixed-use development, the property allows construction of a building up to 80 feet in height. Located at 6028 Washington Street in Hollywood, FL, the site is positioned as a redevelopment or owner-user opportunity for qualified buyers and developers who want a well-situated property with documented height flexibility.
The current improvements are ready for redevelopment planning, with the cleared interior and exterior providing a straightforward starting point for new construction or a refresh of the existing building footprint.
Zoned for mixed-use development, the property allows construction of a building up to 80 feet in height. Located at 6028 Washington Street in Hollywood, FL, the site is positioned as a redevelopment or owner-user opportunity for qualified buyers and developers who want a well-situated property with documented height flexibility.
The current improvements are ready for redevelopment planning, with the cleared interior and exterior providing a straightforward starting point for new construction or a refresh of the existing building footprint.
Key Highlights
- Vacated and cleared 1,282 SF freestanding commercial building on a 5,527 SF lot
- Previously operated as a restaurant
- Zoned for mixed‑use development
Local Financial Insights For Specialty Retail
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 | $29.2k | $22.80 |
| − Vacancy | −$2.0k | −$1.60 |
| EGI | $27.2k | $21.20 |
| − OpEx | −$6.8k | −$5.30 |
| NOI | $20.4k | $15.90 |
1,282 SF · lease $22.80/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$291.3K
$254.9K – $339.8K
NOI $20,388 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$501.5K
$438.8K – $585.1K
NOI $35,106 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Captain Jerk Restaurant ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Vacated and cleared freestanding building on a 5,527 sq. ft. lot, zoned for mixed-use development up to 80 feet.
Where is this conventional restaurant located?
The property is located at 6028 Washington Street Hollywood, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Vacated and cleared 1,282 SF freestanding commercial building on a 5,527 SF lot; Previously operated as a restaurant; Zoned for mixed‑use development
