5981 Funston St Hollywood, FL 33023-1900
This exceptional 4,500 square foot commercial property, situated on a spacious 1.94-acre lot in Hollywood, Florida, presents a unique investment opportunity. The building, a Class C property constructed in 1976 and extensively renovated in 2018, offers a blend of traditional office and flex space, ideal for a variety of uses. Currently zoned M1 and C4, the property boasts a two-story structure with convenient drive-in access featuring two drive-in bays. The multiple tenancy setup allows for flexibility in leasing arrangements. Located at 5981 Funston St, Hollywood, FL 33023, in Broward County, this property is perfectly positioned to capitalize on the thriving Hollywood market. The existing configuration includes two available spaces, each with 400 square feet and two parking spaces, meeting state requirements. Additional parking is available on-site, providing ample space for customers and employees. This versatile property is well-suited for businesses seeking a blend of office and retail or industrial space, offering a prime location and substantial square footage in a highly desirable area. The property's recent renovation ensures modern amenities and functionality, making it an attractive option for discerning investors and businesses alike. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a prime location.
-
Bren's Auto Inc. Auto Repair Shop Vehicle Inspection Center
-
Motorworkz, Inc Car Dealership
-
A1 Quality Auto and Repair Auto Repair Shop
-
Third Premier Capital Production Facility
-
Horizon Auto Broker Inc Car Dealership
S-MU - South Mixed-Use District 2. Administrative Regulations Applicable to All Districts. a. District boundaries. The district and subdistrict boundaries shall be indicated by the district and subdistrict maps. In cases where uncertainty exists as to the boundaries of a district or subdistrict, the following conditions shall apply: (1) Boundaries are intend…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
S-MU · Hollywood, FLS-MU - South Mixed-Use District 2. Administrative Regulations Applicable to All Districts. a. District boundaries. The district and subdistrict boundaries shall be indicated by the district and subdistrict maps. In cases where uncertainty exists as to the boundaries of a district or subdistrict, the following conditions shall apply: (1) Boundaries are intended to parallel street lines, rights-of-way, or to follow existing lot lines. (2) Where a boundary follows a public right-of-way, street or alley, the centerline shall be the boundary. (3) In the event of further uncertainty, the City Manager or designee shall determine the boundary location. (4) The density capacity for lots that have more than one district or subdistrict designation shall be calculated separately for each portion of the lot according to its respective density. Development for each portion of the lot shall be in conformance with the applicable district or subdistrict Building Requirements Table. b. Phased Development. (1) All land included for the purpose of development within a Phased Development shall be under the control of the applicant (an individual, partnership or corporation, or group of individuals, partnerships, or corporations). The applicant shall present satisfactory legal documents to constitute evidence of the unified control of the entire area within the proposed Phased Development which shall be certified by the City Manager or designee. (2) The Phased Development Master Plan shall illustrate the boundaries of each phase and intended phasing sequence. (3) Each phase of Phased Developments shall autonomously comply with these regulations and district requirements. Site plans, elevations, and massing diagrams shall be provided for each phase and shall indicate the function and improvement of undeveloped portions of land for independent review and approval. Undeveloped land shall be improved pursuant to the General Landscape Regulations set forth herein. (4) Vacant non-historic and non-contributing structures; and structures which are not eligible for historic designation and are not intended for incorporation in the final development Master Plan shall be demolished prior to commencement of construction of Phase I. (5) No phase or portion of a phase of a Phased Development shall be dependent upon the completion of a subsequent phase. Each phase shall be autonomously functional and provide adequate parking, landscape, articulation and associated amenities at the time of completion of that phase and shall not be contingent on future phases.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
