24 NE 1ST AVE Dania Beach FL 33004-2865

This is a mixed use commercial & residential building.Two story building with 2 retail/office spaces and 4 residential apartments. Excellent location East of Federal Highway in Dania Beach. Building has 2,284 sq. ft. of retail space and 1 studio, 1 efficiency, 1 one bedroom, one bath and 1 two bedroom, one bath apartments. Building is 4,968 sq. ft. total. Outstanding opportunity to own this income maker in Dania Beach. Lot size is 9,739 sq. ft. This property is offered for sale at $995,000. The building was built in 1959 and is 100% occupied with 6 tenants.Total annual income is $107,388.00. Total annual operating expenses are $40,797.00 with a annual net operating income of $66,591.00 and a Cap Rate of 6.6. The building was built in 1959 and is 100% occupied with 6 tenants. Unit # Tenant Monthly Rent Lease end date101-103 South Florida Safes, INC. $3,224.00 March 31, 2024.104 Aquaman Diving $1,265.00 November 9, 2024201 2 bed, 1 bath apartment $1,575.00 August 31, 2024202 Studio apartment $1,050.00 March 31, 2024106 1 bed, 1 bath apartment $1,160.00 August 31, 2024107 Efficiency Apartment $675.00 Month to Month Total annual income is $107,388.00. Total annual operating expenses are $40,797.00 with a annual net operating income of $66,591.00 and a Cap Rate of 6.6.

Presenting JC Holdings-Meadowbrook Plaza, an exceptional investment opportunity consisting of a well-maintained mixed-use property featuring two residential units and four commercial units.​ The property offers a strong CAP rate and benefits from its strategic location within a rapidly developing corridor of Dania Beach.​ The area is experiencing significant growth, with numerous newly constructed hotels and apartment communities surrounding the property, enhancing both visibility and long-term value.​ Meadowbrook Plaza is ideally positioned one block east of U.​S.​ Route 1, providing convenient access to major employment and transportation hubs including Fort Lauderdale–Hollywood International Airport and Port Everglades.​ The property also offers immediate connectivity to major regional roadways such as Interstate 95, Interstate 595, U.​S.​ Route 441, and Florida's Turnpike, all located just minutes away.​ This prime location, combined with strong in-place income and future area growth, positions Meadowbrook Plaza as a compelling opportunity for investors seeking stable returns with long-term upside.​