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Property Description

The subject property consists of 1,517 SF of office space on a 3,031 SF lot. Currently built out as arngeneral office. This property also works very well for an investor. An investor can lease the property at a market rate of $58.19 p/SF NNN after closing. This will provide a net annual income of $88,274.23 and a 6.8%rncapitalization rate at full asking price. The zoning allows the building to be expanded to 2 stories / 6,000+ SF with no parking variance needed. Also, residential is permitted above the ground floor. Enjoy all the benefits of a downtown workplace which includes great business retail visibility, desirable employee work­ place location, close proximity to top restaurants and nightlife, major national events, and ample parking.

Address Map
FL
Broward County
Hollywood
33020
1922 Tyler St
W81° 51' 14.5''
N26° 0' 44.1''
MLS Addon
1
Sale
$7,093
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ND-3
0
01/06/2023 20:41:39

1922 Tyler St, Hollywood, Florida 33020

$1,299,000
3,031 size sq.ft.
Listing ID #A11396817
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11396817
Price $1,299,000
Year Built 1955
Days on Market 231
Building Area 1,517 Sqft
Status Active
Property SubType Office
Lot Area 3,031 Sqft
List Date 2023-06-02
On Market Date 01/06/2023
Elena Beck
MiamiInvestrealty
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