2300 N 23rd Ave, Hollywood, FL 33020
- $1,315,000
- Sold Price
- $1,315,000
- List Price
- $1,700,000
- Closing Date
- Oct 29, 2025
- MLS#
- A11838109
- Status
- CLOSED
- Type
- Commercial
Property Description
Rare opportunity to purchase a neighborhood retail/strip center right off of Sheridan St and Dixie Hwy, just minutes from I-95. This 5,082 SF multi-tenant building is divided into four units—three at approximately 850 SF and one at 2,532 SF. Three of the four units are currently occupied, with two tenants on leases that include 3% annual rent increases, while current rents remain below market, offering immediate upside through market-rate leasing. Positioned in a busy commercial corridor with excellent visibility and access, this property is a strong value-add investment. Once the vacant space is leased, you can achieve a gross annual income of $152,000 with an easy 7% cap rate at the asking price!
Additional Information
- Days on Market
- 35
- Tax Amount
- $15,637
- Parcel Number
- 514209056090
- Lot Size
- 12,778
- Address
- 2300 N 23rd Ave, Hollywood
- Year Built
- 1963
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Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact:
Selling Office: Fausto Commercial Realty Consultants Inc.