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1801 S Ocean Dr
Hallandale Beach, FL 33009

$1,999,999 USD

Apartments Condo For Sale  •  9,354 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,354 SF
  • Lot Size 2.37 AC
  • Building Class B
  • Year Built 1970
  • Cap Rate 12.88 %
  • Zoning RM-HD-2
32 Transit Score
62 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 7 Medical Office 9,354 SF $1,999,999 USD
  • Unit Size: 9,354 SF
  • Condo Use: Medical Office
  • Price: $1,999,999 USD
  • Sale Type: Investment
  • Price/SF: $213.81 USD
Description
Located at Imperial Towers, a 420 unit luxury condo building located in Hallandale Beach, between Fort Lauderdale and Miami: the property is located at the intersection of Hallandale Beach Blvd and S Ocean Drive, two of the busiest main corridors just steps away from the beach.  Allowable uses for the 9,354 unit include house of worship, public/private schools, public facilities/utilities, food store, beauty shop, restaurant, lounges, and medical/professional offices.

Sale Notes
Apex Realty is proud to present a trophy retail investment opportunity located at Imperial Towers, a 420 unit luxury condo building located in Hallandale Beach.
Located between Fort Lauderdale and Miami, Hallandale Beach is strategically positioned between a diverse array of submarkets with unparalleled access to South Florida’s main commercial corridors, attractions, and amenities.
The property is located on the intersection of Hallandale Beach Blvd and S Ocean Drive, two of the busiest main corridors just steps away from the beach.

Description 

Aside from the prime real estate, and the ability for a buyer to control the entire retail segment of imperial towers, this unique offering provides a tremendous value add opportunity. Once leased at current market rates an investor will be able to enjoy an 11.45% Cap Rate in one of the most desired areas of South Florida.

Highlights

Units: 7
Traffic Count: 71,000 AADT
Allowable Uses: House of worship, public/private schools, public facilities/utilities, food store, beauty shop, restaurant, lounges, medical offices
Gross Income: $196,715.28

Property Flyers

Financial Summary

Cap Rate: 12.88 %
Total Expenses: $0 USD

Public Transportation

Commuter RailDriveWalkDistance
Aventura (Mainline - Brightline) 10 min - 4.3 mi
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 12 min - 5.6 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 20 min - 10.6 mi
Miami International 44 min - 25.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Yoni Sunshine 216-973-9534 Apex Capital Realty LLC
Yoni Sunshine 216-973-9534 Apex Capital Realty LLC