Listed by Axis Realty Advisors, Inc.
$1,950,000
602 NW 1st Street
Details
Property Type Mixed Use
Sub Type Retail
Square Footage 5,016
Units 12
Cap Rate 7.19%
NOI $140,085
Occupancy 92%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 11.28%
Pro-Forma NOI $220,000
Price per SqFt $389
Class C
Year Built 1958
Buildings 1
Lot Size (SqFt) 10,850
Zoning MDHB_MU
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.99
Investment Type Stabilized
Ground Lease No
Mixed Use | 7.19% CAP | 5,016 SqFt
Marketing description
Dania Beach is Broward County's oldest city — a coastal market positioned between Fort Lauderdale and Hollywood, minutes from the Dania Beach Fishing Pier, Dania Pointe, and Fort Lauderdale–Hollywood International Airport. The property sits in a designated Opportunity Zone with development potential up to four stories, and an adjacent lot is also available for purchase.
Investment highlights
- Designated Opportunity Zone
- Active Hotel/Motel license in place
- Development potential up to four stories
- Adjacent lot also available for purchase
- 9 residential units + 3 retail shops + office
- Between Fort Lauderdale and Hollywood
Listing Contacts
Listed by Axis Realty Advisors, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,085.00
$11,673.75/mo
Valuation Metrics
0
DSCR
7.18%
Cap Rate
7.18%
ROI
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