230 Dixie Hwy Hallandale Beach, FL 33009
- Office buildings
- 7,358 SF
- 0.57 lot acres
Current Use by Public Records
- Office buildings
Property Details for 230 Dixie Hwy
- Year built
- 1984
- Construction
- CONCRETE
- Lot size
- 0.57 lot acres
- Property size
- 7,358 SF
- Zone code
- CENTRAL RAC
- Property type
- Office buildings
- APN
- 51-42-28-02-2870
- APU
- 514228022870
Description
This exceptional two-story, 7,358 square foot medical office building, located at 230 S Dixie Hwy in Hallandale Beach, Florida, presents a rare investment opportunity. Recently renovated in 2023, this Class B building offers 4,634 square feet of net rentable space, perfectly suited for a variety of medical practices. The building features eight exam rooms, imaging space, and procedural areas on the first floor, with the second floor providing ample space for expansion or additional office functions. With 26 parking spaces and highly visible signage, this property boasts an ideal layout for optimal functionality and patient convenience. Situated in the Central RAC District, this prime location is less than a mile from HCA Aventura Hospital, providing unparalleled access to a large patient base. Its proximity to major thoroughfares like I-95 and Biscayne Boulevard, along with its close proximity to Gulfstream Park and Aventura Mall, ensures excellent visibility and accessibility. The building is currently vacant, offering immediate occupancy for the new owner/user, and is available for purchase at $3,300,000. Built in 1984, this fee-simple property represents a unique chance to acquire a highly desirable medical office building in a market with near-zero vacancy and strong demand. The property's APN is 514228022870.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $480,000
- 7%
- $530,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $620,000
- Retail
- $465,000
- Mixed-Use
- $500,000
- Hospitality
- $620,000
- Educational
- $560,000
- Residential Income
- $560,000
- Energy
- $520,000
- Income-Based Land
- $570,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1488
- Latitude
- 25.9822
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA