5655-5659 Johnson St Hollywood, FL 33021
This exceptional mixed-use property, located at 5655-5659 Johnson St #9 in Hollywood, Florida, presents a compelling investment opportunity. The 5,663 square foot building, constructed in 1960, boasts a prime corner lot location in central Hollywood, offering excellent visibility and accessibility. The property comprises three retail storefronts, currently operating as a convenience store, and six residential units, generating a combined annual revenue exceeding $175,000. Its strategic location places it within close proximity to major highways, the turnpike, and a vibrant commercial district featuring restaurants, shopping centers, the Hard Rock Casino, Hard Rock Stadium, Gulfstream Park, and nearby beaches. This presents a unique opportunity to acquire a well-established, income-producing asset in a high-growth area. The asking price of $1,500,000 is considered below market value, making this an attractive proposition for discerning investors. The seller is motivated to sell, offering a potentially advantageous negotiation opportunity. This property is zoned for mixed-use development, offering potential for future expansion or redevelopment. The building's strong rental history and consistent cash flow make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request.
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
C-3 · Hollywood, FLHollywood. Always verify with local authorities before improvements.
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.