116 N 61st Avenue

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116 N 61st Avenue

Hollywood, FL 33024
Asking Price
$3.50M
Asset Type
Office
Class
Class B

What's Special

116 N 61st Avenue is located in Hollywood, Florida, situated within a professional business district just west of Florida's Turnpike. The neighborhood features a mix of commercial services and residential communities, providing a quiet yet accessible environment. The property is positioned near the Hollywood Boulevard corridor, offering proximity to local retail centers, dining options, and Memorial Regional Hospital West. Regional transportation is facilitated by immediate access to major thoroughfares, including the Turnpike and Pines Boulevard, connecting the site to both Broward and Miami-Dade counties. The building is suited for professional office use, specifically targeting small to mid-sized firms requiring a central South Florida presence. The layout and location are ideal for medical administrative offices, legal practices, or consultancy services seeking a satellite location outside of congested downtown cores. Typical tenants include local service providers and independent professionals who prioritize ease of access for clients and employees. The property’s configuration supports flexible office requirements, ranging from private executive suites to collaborative workspaces.

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

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