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3800 S Ocean Dr
Hollywood, FL 33019

$1,500,000 USD

Medical Condo For Sale  •  2,593 SF

Property Details

  • Property Type Medical
  • Total Building Size 56,347 SF
  • Lot Size 4.78 AC
  • Building Class B
  • Year Built 1981
  • Cap Rate 4.90 %
  • Tenancy Multiple
  • Zoning C-1
32 Transit Score
52 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit G-9 Office 2,593 SF $1,500,000 USD
  • Unit Size: 2,593 SF
  • Condo Use: Office
  • Price: $1,500,000 USD
  • Sale Type: Investment
  • Price/SF: $578.48 USD
Description
End Unit with great visibility and signage

Sale Notes
Condo fee $20,577 per year
Tax 11,054 Ins 1,280

Description 

2,593 sq. ft. recently remodeled with upscale interiors, contains 9 private offices, and a conference room.
?Close to major retailers, residences, and offices in the area.
?Zoned C-1: This district is intended to provide standards for the sale of goods and services near residential
?neighborhoods. Main Permitted Uses: Offices. Personal Services. Places of worship, meeting halls and fraternal lodges. Retail sales (indoor) Schools, recreational or cultural.
?Seller financing available with 25% to 30% down payment.
?Owner will leaseback at $5,400 per Month for 3 years (3x2 years options at 5% CAP).
?Avg. HH Income 2019 – 72,722 (5 Mile) and Avg. Projected Population 2024 – 308,733 (5 Mile)

Highlights

Great visibility and Signage on heavily populted Ocean Drive / A1A

Financial Summary

Cap Rate: 4.90 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Sareen and Associates CPAs and Sareen Realty 2,593 SF 3/31/2024

Amenities

  • 24 Hour Access
  • Banking
  • Bus Line
  • Controlled Access
  • Courtyard
  • Property Manager on Site
  • Security System
  • Signage
  • Waterfront
  • High Ceilings
  • Reception
  • Recessed Lighting
  • Drop Ceiling
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Aventura (Mainline - Brightline) 8 min - 3.9 mi
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 10 min - 5.1 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 18 min - 10.2 mi
Miami International 43 min - 24.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 105
Type: Surface
Included in Rent: Yes
Arun Sareen 703-314-4799 Sareen Realty
Arun Sareen 703-314-4799 Sareen Realty