602 1St St Dania Beach, FL 33004
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 602 1St St
- Year built
- 1958
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a mixed-use building located at 602 NW 1st Street, Dania Beach, Florida, 33004. Built in 1958, the property boasts a diverse income stream generated from a combination of commercial and residential units. The ground floor comprises four metered retail spaces, each currently generating rental income. Specifically, units 604, 606, and 608 each command a monthly rent of $900, while unit 602 is owner-occupied. The second floor features nine residential units, providing additional rental income. Rental rates for these units vary, ranging from $750 to $1,400 per month. The property benefits from on-site management, simplifying operations and maximizing efficiency. The asking price for this hands-on managed property is $1,499,000. While the lot size is not specified, the building's strong rental income and diverse tenant base make it an attractive investment prospect in the thriving Dania Beach market. This property offers a unique blend of commercial and residential income streams, presenting a compelling opportunity for investors seeking a stable and potentially high-yielding asset. The property's location in Dania Beach, Florida provides convenient access to local amenities and transportation networks.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dania Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1478603
- Latitude
- 26.0537663
