Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
C. C-3 Medium Intensity Commercial District. 1. Purpose and uses: District Purposes Main Permitted Uses Special Exception Accessory Uses Prohibited Uses District Purposes Main Permitted Uses Special Exception Accessory U…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Hollywood, FLC. C-3 Medium Intensity Commercial District. 1. Purpose and uses: District Purposes Main Permitted Uses Special Exception Accessory Uses Prohibited Uses District Purposes Main Permitted Uses Special Exception Accessory U…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
C. C-3 Medium Intensity Commercial District. 1. Purpose and uses: District Purposes Main Permitted Uses Special Exception Accessory Uses Prohibited Uses District Purposes Main Permitted Uses Special Exception Accessory U…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Hollywood, FL.
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