1801 Ocean Dr Hallandale Beach, FL 33009
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Prime Location, High ROI Potential
Property size:
9,354 SFProperty Features for 1801 Ocean Dr
General Information
- Property type
- Individual retail properties
- Square Feet
- 9,354 SF
Building Details
- Year Built
- 1970
- Buildings
- 1
- Units
- 7
Listing Agency: APEX Capital Realty LLC Listing Agent: Jason Abitbol
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional retail investment opportunity in Hallandale Beach, Florida, presents a vacant 9,354 square foot building situated on a 9,354 square foot lot. The property, built in 1970, is zoned RM-HD-2 and features seven units, ideal for a variety of retail uses, including grocery, beauty shop, or food store concepts. Currently vacant, this property offers a significant value-add opportunity for an investor to lease at current market rates, potentially achieving a substantial return. The asking price is $1,999,999, translating to $213.81 per square foot. Financial projections indicate a pro-forma NOI of $257,561 and a pro-forma cap rate of 12.88%. Located at 1801 South Ocean Drive, in Broward County, zip code 33009, this property benefits from its prime location and high visibility. The property consists of one building and is offered as a NNN lease. This is a rare chance to acquire a significant retail asset in a highly desirable South Florida market. The property's existing structure and zoning provide flexibility for various retail uses, making it an attractive investment for both experienced and emerging investors seeking strong returns. The location offers excellent access to major transportation routes and a dense residential population. This is a unique opportunity to capitalize on the thriving retail market in Hallandale Beach.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1202638
- Latitude
- 25.9859572
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Prime Location, High ROI Potential
Where is this individual retail property located?
The property is located at 1801 Ocean Dr Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Vacant 9,354 SF retail building on a 9,354 SF lot in Hallandale Beach, FL.; Seven-unit building, ideal for various retail uses, zoned RM-HD-2.; Asking price: $1,999,999 ($213.81/SF), projected NOI of $257,561, and a 12.88% pro-forma cap rate.
