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    1722 Madison St Hollywood, FL 33020

    For Sale
    $4,250,000

    Prime Medical Office, $4.25M, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1952-built medical office building, located at 1722 Madison St, Hollywood, FL 33020, is offered at $4,250,000. Situated in Broward County, this property boasts a prime location in a desirable area. The building's features include a recently installed roof and impact windows, ensuring both safety and longevity. A Generac generator provides uninterrupted power supply, minimizing downtime and maximizing operational efficiency. While previously marketed as a retirement home, the property's zoning and current configuration are suitable for a variety of medical office uses. The building's strong structural foundation and recent upgrades present a compelling investment opportunity for medical professionals or investors seeking a stable, high-return asset in a thriving Florida market. The property's location in Hollywood, Florida, offers easy access to major transportation routes and a vibrant community. This is a rare chance to acquire a well-maintained medical office building with significant upside potential in a highly sought-after location. The property's versatility and solid infrastructure make it an ideal investment for long-term growth and profitability. This is a turnkey opportunity ready for immediate occupancy or further development.

    Property Features for 1722 Madison St

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    1952

    HighLights

    • $4,250,000 medical office building in Hollywood, FL.
    • 1952‑built building at 1722 Madison St, Broward County.
    • Recently installed roof and impact windows.
    • Generac generator for uninterrupted power.
    • Zoned for various medical office uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hollywood Beach Retirement ... Retirement Home

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1416509
    Latitude
    26.0066553

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, $4.25M, High ROI
    Where is this medical office located?
    The property is located at 1722 Madison St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: $4,250,000 medical office building in Hollywood, FL.; 1952-built building at 1722 Madison St, Broward County.; Recently installed roof and impact windows.
    Request Owner's contact information
    1722 Madison St 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
    1722 Madison St Hollywood, FL 33020
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