Property profile

5655-5659 Johnson St Hollywood, FL 33021

OFF-MARKET
Retail residential properties
Property ID
US18-4966923
5,663 SF 0.2 ac lot Built 1960
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1960
Construction CONCRETE
Total area 5,663 SF
Lot 0.2 ac (8,854 SF)
Zoning code C-3
APN 51-41-12-04-0750
UPID US18-4966923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5655-5659 Johnson St Hollywood, FL 33021
Hollywood metro Census 91100 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
$1.18M
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.30M

Owner & transaction history

since 2024
Last sale
$1.3M
4 recorded transactions
2024
$1.3M
2019
$1.1M
2019
$100
2019
$100

Zoning & alternative use

C-3 · Hollywood, FL
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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