213 Hallandale Bch BlvdHallandale Beach, FL 33009

Property Details for 213 Hallandale Bch Blvd

Year built

1952

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

1,295 SF

Zone code

CENTRAL RAC

Property type

Office properties

Property subtype

Office buildings

APN

51-42-27-30-0390

APU

514227300390

Description

This exceptional commercial property, located at 213 E Hallandale Beach Blvd in Hallandale Beach, Florida, presents a unique investment opportunity. The 3,000 square foot lot, built in 1952, boasts a 1,300 square foot building and offers six convenient parking spaces – four in front and two in the rear. Its prime location directly on Hallandale Beach Boulevard ensures exceptional visibility, with over 30,000 vehicles passing daily. Just one block from US-1 and five minutes from I-95, this property enjoys unparalleled access to major transportation arteries. The zoning allows for the construction of a building up to ten stories high, offering significant potential for future development. The surrounding area is thriving, featuring a mix of retail businesses, service providers, and medical offices, creating a vibrant and safe environment. The property's high visibility and convenient access make it ideal for a variety of commercial uses, including restaurants and bars, as indicated by its current zoning. The asking price is $880,000, and the seller is motivated. This is a rare chance to acquire a highly visible and strategically located commercial property in a high-demand area of Hallandale Beach. Don't miss this opportunity!

• CAP approach

  CAP return

  Valuation

  6%

  $688,561

  6.5%

  $635,595

  7%

  $590,195

• Comparable approach

  Method

  Valuation

  Relative Method

  $495,804

  Geo Method

  $495,804

• Alternative Use

  Use

  Valuation

  Residential

  $788,138

  Hospitality

  $721,930

  Educational

  $600,637

  Medical

  $621,294

  Retail

  $934,325

Location Insight

City

Hallandale Beach

County

Broward

State

Florida

Latitude

25.9858

Longitude

-80.1464

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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