1801 S Ocean Dr, Hallandale Beach, FL 33009 — MLS photo

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1801 S Ocean Dr, Hallandale Beach, FL 33009

Active · Commercial

$249,000

1801 S Ocean Dr, Hallandale Beach, FL 33009

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1970
Lot size
—
HOA fee
—
Annual tax
—

About this property

Boutique Beauty Salon with amazing foot traffic located across the street from the Public Beach access/Ocean in Hollywood/Hallandale Beach & 3 major Condo-Resort-Hotels and high-density populated Waterfront Residential Communities. It has a great working layout with 6 fully renovated premium Chair-stations and supporting furniture, plus 2 Hair wash Stations, Hair Color Station. Now making $165K net profit, However, the new owner has the opportunity to increase the revenue by offering additional services, such as, hair extensions, Manicure & Pedicure, facials, eyebrow sculpting, wax station, permanent make up, and white-labeling/affiliate marketing on hair care products. Hurry, this well-equipped Beauty-Bar is posed and ready for a new owner to make over SIX FIGURES net profit!!!

Property location

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1801 S Ocean Dr, Hallandale Beach, FL 33009

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Commercial
Year built
1970

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
A11381929
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$487

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$1,180/mo
Down payment
$62,250
Loan amount
$186,750
Annual NOI
$8,322

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.