Investment Overview

Marcus & Millichap is pleased to present 6140–6144 Hollywood Boulevard in Hollywood, Florida, a ±6,400 SF retail property offering exceptional value-add potential. The building is comprised of three retail bays ranging from approximately 1,600 to 3,200 SF, including one contiguous 3,200 SF unit that can be subdivided to maximize leasing opportunities. Current tenants occupy two month-to-month and one short-term leases at below-market rents averaging $19-20 PSF Gross, presenting a clear opportunity for an investor to increase income by adjusting rents toward market levels of $25–$30 PSF net. Constructed with a Twin-T concrete roof replaced in 2011, the property is separately metered with three electric meters and two water meters. Its layout is well-suited for local service and retail tenants, providing both ease of leasing and re-tenanting flexibility. Strategically located along Hollywood Boulevard with approximately 51,000 vehicles per day and enhanced by two pylon signs, the property offers outstanding visibility and accessibility. Zoned S-MU (South Mixed Use District) within the Transit Oriented Corridor, the site allows for development of up to 50 dwelling units with a maximum height of 175 feet. A bus stop directly in front of the property adds convenient transit access. The property is ideally positioned just off Florida Turnpike (SR 91) Northbound at Exit 49, providing direct access to Hollywood Boulevard /Pines Boulevard, with seamless northbound routes to Orlando and southbound routes to Miami. It is located 3.3 miles from Seminole Hard Rock Hotel & Casino, 4.3 miles from the shops and restaurants of Downtown Hollywood Boulevard, and 4.9 miles from Hard Rock Stadium, benefiting from strong local traffic and continued economic activity in the surrounding area.