Listed by Axis Realty Advisors, Inc.
$1,950,000
602 NW 1st Street
Details
APN 504234012430
Property Type Mixed Use, Hospitality
Sub Type Hotel, Mixed Use
Square Footage 5,520
Units 13
Cap Rate 7.19%
NOI $140,205
Occupancy 92%
Lease Type Gross
Pro-Forma Cap Rate 11.28%
Pro-Forma NOI $220,000
Price per SqFt $353
Class C
Year Built 1958
Buildings 1
Stories 2
Lot Size (SqFt) 10,850
Zoning NBHD-MU
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.81
Investment Type Stabilized
Ground Lease No
Mixed Use property in Dania Beach, Opportunity zone, retail, multi-family
Marketing description
Prime Mixed-Use Redevelopment Retail + Residential Vertical Build 4 stories. Is the opportunity that exists with this building with 9 residential units and 4 retail units. Adjacent lot is also for sale separately or can be combined Opportunity Zone Investment, Opportunity Zone tax advantages, Value-add repositioning potential Strong rental demand corridor , Walkable urban redevelopment area. Close to US-1, Airport, Dania Pointe, new hotels. Major apartment development happening in this area. Brand new multi sports complex and park close to Broward Sheriff Office and City Hall... Be a part of this tremendous growth potential. Building holds a motel hotel licsense. Tremendous opportunity!!
Listing Contacts
Listed by Axis Realty Advisors, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,205.00
$11,683.75/mo
Valuation Metrics
0
DSCR
7.19%
Cap Rate
7.19%
ROI
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