$1,150,000
$1,375,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
3,357 SqFt
SOLD DATE : 01/22/2025
Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,357 sqft
Price per Sqft $342
MLS Listing ID A11645293
Sold Date 01/22/25
HOA Y/N No
Year Built 1965
Annual Tax Amount $11,452
Tax Year 2024
Lot Size 6,110 Sqft
Property Description
Compass Commercial presents a 3,357sf flex-retail building in the emerging Wilton Manors Art District providing a stabilized 6% Cap Rate. Unparalleled visibility fronting Dixie Hwy and steps from the approved "Wilton Hotel & Pool Club" and the "Five-Points" intersection. The property is 100% leased with a synergetic tenant mix consisting of (3) art galleries and (1) Italian wine boutique. The immediate area is experiencing a transformation i.e. The "Wilton Hotel" (8-story hotel w/ rooftop pool) and additionally a 190-luxury rental project. Ownership has undergone significant updates including sealing the roof, electrical, parking lot and recertification. Do not miss out on this stable cash-flowing asset with upside situated across the street from the proposed "Wilton Hotel & Pool Club".
Location
State FL
County Broward
Area 3370
Interior
Cooling Central Air
Others
Tax ID 494226260041
Acceptable Financing Cash, Conventional, Cryptocurrency
Listing Terms Cash, Conventional, Cryptocurrency
Financing Cash
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Bought with Compass Florida, LLC.
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