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    1735 Federal Hwy Hollywood, FL 33020

    For Sale
    $3,000,000

    Class A retail center, high traffic location.

    Property size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Harding Plaza, a Class A retail shopping center and storefront property in Hollywood, Florida, is offered for sale at $3,000,000. This 6,200 square foot, value-add investment opportunity boasts a prime location on N Federal Highway (US-1), directly adjacent to a newly constructed Wawa. The property features five units, currently 64% occupied, with a diverse tenant mix including Little Caesars, Batteries Plus, and Advance America Cash Advance Center. There are two vacant units ready for immediate lease-up, presenting a significant opportunity to increase NOI. The current NOI is $96,270, with a pro-forma NOI projected at $198,993, reflecting a pro-forma cap rate of 6.63%. The existing leases have a remaining term of four years. Two of the three existing tenants are currently leasing below market rates, providing further upside potential for rental income growth. The property sits on a 0.15-acre lot with 21 parking spaces and benefits from excellent visibility and high traffic counts exceeding 31,000 vehicles daily. The property is zoned C-2 Hollywood and offers 180 feet of frontage on N Federal Highway. Built in 2020, this fee-simple ownership opportunity presents a compelling investment in a strong, growing market with low vacancy rates and high rental growth. The property's location in central East Broward County, between Fort Lauderdale and Aventura, provides excellent access to a large consumer base. The net lease structure further enhances the investment's appeal.

    Property Features for 1735 Federal Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,200 SF
    Class
    A
    Lot Size
    6,534 SF

    Building Details

    Year Built
    2020
    Buildings
    1
    Units
    5

    HighLights

    • 6,200 SF Class A retail strip center with value‑add potential, adjacent to a new Wawa.
    • 64% occupancy, with two readily‑leasable spaces for quick stabilization.
    • Two of three tenants are significantly below market rent, offering substantial upside potential.
    • 180 feet of prime frontage on N Federal Highway, with visibility to over 31,000 vehicles daily.
    • Excellent location in central East Broward, between Fort Lauderdale and Aventura.
    • Strong local market with low vacancy and high rental growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance America Loan Agency Busy Lashes Beauty Salon Insurance Network of Florida Insurance Agency Little Caesars Pizza Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.143245467236
    Latitude
    26.026988787258

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    FAQs

    What type of property is this?
    Lifestyle center - Class A retail center, high traffic location.
    Where is this lifestyle center located?
    The property is located at 1735 Federal Hwy Hollywood, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 6,200 SF Class A retail strip center with value-add potential, adjacent to a new Wawa.; 64% occupancy, with two readily-leasable spaces for quick stabilization.; Two of three tenants are significantly below market rent, offering substantial upside potential.
    Request Owner's contact information
    1735 Federal Hwy Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1735 Federal Hwy Hollywood, FL 33020
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