Current Use by Public Records
- Retail properties & Spaces
Property Details for 2420-2426 Dixie Hwy
- Year built
- 1965
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 3,357-square-foot multi-tenant retail building located at 2420-2426 N Dixie Hwy in Wilton Manors, Florida, 33305. The property boasts a desirable 6.00% cap rate and is currently 100% occupied by a synergistic mix of three art galleries and an Italian wine boutique. Built in 1965, the building benefits from significant recent updates, including roof sealing, electrical upgrades, parking lot improvements, and recertification. Enjoy unparalleled visibility on Dixie Highway, directly across from the approved Wilton Hotel & Pool Club, and near the Five-Points intersection. This prime location is experiencing substantial revitalization with the development of an eight-story hotel with a rooftop pool and a 190-unit luxury rental project. The property is offered at $1,375,000 and operates under a triple-net (NNN) lease structure. This stable, cash-flowing asset presents a compelling investment opportunity with significant upside potential in a rapidly developing area. The property's strong tenant occupancy and strategic location make it an ideal addition to any investment portfolio.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilton Manors
- County
- Broward
- State
- Florida
- Longitude
- -80.1318
- Latitude
- 26.158
