5801 Wiley St Hollywood, FL 33023-2355
- Warehouses
- 4,250 SF
- 0.12 lot acres
Current Use by Public Records
- South Florida Food / Food Manufacturer
Property Details for 5801 Wiley St
- Year built
- 1972
- Construction
- CONCRETE
- Lot size
- 0.12 lot acres
- Property size
- 4,250 SF
- Zone code
- S-MU
- Property type
- Warehouses
- APN
- 51-41-24-10-0750
- APU
- 514124100750
Description
Exceptional investment opportunity: a fully operational commissary kitchen and established food manufacturing business in Hollywood, Florida. This turnkey property boasts 4,250 square feet of space within a 1-story, 1972-built warehouse, extensively renovated in 2017. The building sits on a 5.244-acre lot and includes 7 parking spaces, two loading docks, and an 18-foot ceiling height. The property features a well-equipped kitchen, industrial freezer, cooler, and office space, all ready for immediate use. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $120,000, with a pro-forma NOI of $130,000, resulting in a 4.44% cap rate and a pro-forma cap rate of 4.81%. The asking price is $2,700,000, translating to $635.29 per square foot. The property is zoned S-MU and includes all necessary equipment and inventory. This is a rare chance to acquire a profitable, established business with significant upside potential. The property's APN is 5141-24-10-0750, located at 5801 Wiley St, Hollywood, FL 33023. The sale includes the building, business, equipment, and all inventory.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $400,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $609,000
Market price range: $325k - $1.07M
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Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.2032
- Latitude
- 25.9984
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
