220 SW 16th Street, Dania Beach, FL 33004 — MLS photo

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220 SW 16th Street, Dania Beach, FL 33004

Active · Office

$900,000

220 SW 16th Street, Dania Beach, FL 33004

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1923
Lot size
7,238 sq ft
HOA fee
—
Annual tax
$8,148

About this property

OWNER MOTIVATED, SHERIDAN STREET FRONTAGE! LOOK NO FURTHER! EXCEPTIONAL OPPORTUNITY TO OWN THIS EXCLUSIVE FREE-STANDING COMMERCIAL BUILDING ALONG SHERIDAN STREET. GREAT EXPOSURE TO 32,500 TRIPS/DAY (2025 FDOT AADT). A TOTAL 2,054 SQUARE FOOTAGE, ZONED RO. POTENTIAL USES INCLUDE PROFESSIONAL OFFICE, VACATION AND SHORT-TERM RENTALS, AND RESIDENTIAL - PERFECT FOR BOTH THE OWNER-USER OR THE INVESTOR FOR EXCELLENT INCOME. CURRENTLY TWO TENANTS IN PLACE - LEASES CAN BE TERMINATED ANY TIME WITH NOTICE. THE CURRENT OFFICE LAYOUT FEATURES RECEPTION, CONFERENCE ROOM, A KITCHENETTE, 8 PRIVATE OFFICES, AND 3 BATHROOMS. GREAT PARKING RATIO WITH 10 MARKED SPACES. THE PROPERTY IS CURRENTLY CONFIGURED AS OFFICE; IN ORDER TO BE USED AS SUCH, A CHANGE OF USE FROM SINGLE FAMILY TO OFFICE NEEDS TO BE DONE.

Property location

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220 SW 16th Street, Dania Beach, FL 33004

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Facts & features

Interior

Bathrooms
0
Flooring
Other
Cooling
Central Air, Electric
Heating
Other

Exterior & Structure

Property type
Office
Year built
1923
Stories
2
Lot size
7,238 sq ft
Roof
Composition, Shingle
Construction
Frame, Stucco

Parking

Covered spaces
0
Parking features
Accessible Parking, Free Parking

HOA, Community & Financials

Security
Fenced, Smoke Detectors
Annual tax
$8,148
County
Broward
Days on market
203
MLS listing ID
B26009804
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

-$1,015

Cap rate
4.3%
Net yield
4.3%
Cash-on-cash return
-4.8%
Gross yield
6.6%
Mortgage payment
$4,266/mo
Down payment
$225,000
Loan amount
$675,000
Annual NOI
$39,012

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