1301 Federal Hwy Hollywood, FL 33020
- Turn key restaurants
- 2,528 SF
- 0.15 lot acres
Current Use by Public Records
- Hollywood A Garage Door / Garage Door Supplier
- Hollywood'a A'a Garage'a Door'a / Pulmonologist
Property Details for 1301 Federal Hwy
- Year built
- 1973
- Construction
- CONCRETE
- Lot size
- 0.15 lot acres
- Property size
- 2,528 SF
- Zone code
- FH-2
- Property type
- Turn key restaurants
- APN
- 51-42-10-02-0040
- APU
- 514210020040
Description
This exceptional 2,528 square foot restaurant property, located at 1301 N Federal Hwy in Hollywood, Florida (zip code 33020), presents a unique investment opportunity. Situated in a high-traffic area, this single-tenant building (APN 514210020040) is zoned FH-2 and offers significant potential for a variety of commercial ventures. The property boasts a rich history as a well-established restaurant, providing a strong foundation for future success. Tenant improvements are available, allowing for customization to suit specific business needs. The possibility of securing offsite parking for valet services further enhances its appeal. This is a triple net lease with additional common area maintenance (CAM) charges. The property's prime location and flexible zoning make it an ideal choice for entrepreneurs seeking a thriving business environment in Hollywood, Florida. This is a single-suite building offering a unique opportunity to establish a successful business in a vibrant and bustling area. The property's history and potential for customization make it a truly exceptional offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $680,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $685,000
- 6.5%
- $745,000
- 7%
- $745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $820,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $635,000
- Retail
- $660,000
- Mixed-Use
- $680,000
- Hospitality
- $620,000
- Educational
- $725,000
- Residential Income
- $560,000
- Energy
- $550,000
- Income-Based Land
- $710,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1429
- Latitude
- 26.0228
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA