310-320 NE 1st Ave Hallandale Beach, FL 33009
SOLD FOR
$3,000,000
$4,500,000
(20.0%)
Overview
- Status: Closed
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 9,615 ft2/893.26 m2
- Price Per: $374.41 ft2/$4,030.17 m2
- Type: Commercial/Investment
- Built: 1962
- HOA: No info
- MLS Number: A11252431
- View No info
- On Site: 920 days
- Updated: Listing Refreshed: 269 Days Ago
This 9,615 SF flex space building is a perfect blend of office and true industrial, situated on a large 19,540 SF lot. The parking lot across the street is on a long-term lease with the city of Hallandale Beach and provides a tremendous amount of available parking.The property is 100% occupied by 3 tenants and is currently netting $219,307 per year, which will provide an investor with a strong 6.09% capitalization rate at full asking price. All tenants are currently month-to-month. The property can be delivered vacant for an owner-user.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 05/10/2024 | Sold | $3,000,000.00 | 16.7% | $312.01 ft2/$3,358.48 m2 |
| 09/01/2023 | Price Reduced | $3,600,000.00 | 2.7% | $374.41 ft2/$4,030.17 m2 |
| 05/23/2023 | Price Reduced | $3,700,000.00 | 6.3% | $384.82 ft2/$4,142.12 m2 |
| 05/15/2023 | Price Reduced | $3,950,000.00 | 7.1% | $410.82 ft2/$4,421.99 m2 |
| 12/14/2022 | Price Reduced | $4,250,000.00 | 5.6% | $442.02 ft2/$4,757.84 m2 |
| 08/05/2022 | Listed | $4,500,000.00 | $468.02 ft2/$5,037.71 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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