East Hollywood Office/Flex
2055 Liberty St, Hollywood, FL 33020
Freestanding 19,448 SF building on 0.73 acres in East Hollywood.
Type:Office
Property size:
19,448 SFLot size:
0.73 AcresPrice / SF:
$334/SF- Added:
- Jan 29, 2024
- Days on Market:
- 853
- Last Refresh:
- May 12 at 11:55 pm
Property Features for 2055 Liberty St
General Information
- Standard status
- Active
- Size
- 19,448 SF
- Lot size
- 0.73 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing agent John DeMarco License #BK3134747
Listing office RE/MAX 5 Star Realty
Listing date Jan 29, 2024
Source Crexi
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 RE/MAX 5 Star Realty
HighLights
- Large 19,448 SF freestanding building on a 32,217 SF lot in East Hollywood.
- Liberal DH‑3 zoning permits most uses and encourages new developments with generous height restrictions.
- Direct frontage on Dixie Highway provides excellent visibility and access.
- Suitable for owner‑user looking to relocate.
- Approved gun range use.
- Vacant and ready for immediate occupancy or redevelopment.
Overview
Located in East Hollywood, Florida, this freestanding office/flex building is situated directly on Dixie Highway. The property features 19,448 square feet of space on a 32,217 square foot lot, which is equivalent to 0.73 acres. The building is currently vacant. The property is an approved gun range. The new DH-3 zoning permits most uses and encourages new developments with generous height restrictions. This property could work for an owner-user looking to relocate to East Hollywood.
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 | $641.8k | $33.00 |
| − Vacancy | −$141.2k | −$7.26 |
| EGI | $500.6k | $25.74 |
| − OpEx | −$125.1k | −$6.44 |
| NOI | $375.4k | $19.31 |
19,448 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.36M
$4.69M – $6.26M
NOI $375,444 @ 7.0% cap · market cap 5.78%
Second Best
Flex RnD
$3.16M
$2.76M – $3.68M
NOI $220,867 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$7.61M
$6.66M – $8.88M
NOI $532,564 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1525
- Latitude
- 26.0184
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Freestanding 19,448 SF building on 0.73 acres in East Hollywood.
Where is this office building located?
The property is located at 2055 Liberty St Hollywood, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Large 19,448 SF freestanding building on a 32,217 SF lot in East Hollywood.; Liberal DH‑3 zoning permits most uses and encourages new developments with generous height restrictions.; Direct frontage on Dixie Highway provides **excellent visibility and access**.
