Banquet Hall 6040 NW 21st St

Investment Highlights

Opportunity for Owner User or Investor Current 13CT Full Liquor Catering License Available Fully Renovated Building, No Improvements Necessary Flexible Potential Uses such as Bridal Shop, Religious Facility, Banquet Hall, Catering Service, Restaurant, Funeral Home, Wedding Venue, and More. Private Gated Parking Lot with 21+ Spaces Roof Sealed in 2023

Executive Summary

Marcus & Millichap is pleased to present an 11,747 square foot building on a half-acre lot with a fully fenced private parkinglot bordering the city lines of Miramar & Hollywood. Opportunity for an Owner User or Investor to take advantage of a fully renovated and operational event/ entertainment building. The interior offers ample warehouse space with two loadingbays, approximately 1,000-1,500 square feet of office space, and an open floor plan designated for hosting events, complete with a full bar and kitchen.Located on SW 21st Street, off the main high traffic thoroughfare 441/State Rd 7 boasting a traffic count exceeding 36,000 VPD. Conveniently located within 5 miles of The Seminole Hard Rock Casino & The Hard Rock Stadium, and only 10 miles from Fort Lauderdale International Airport. Positioned in a dense commercial area surrounded by retailers such as Home Depot, Enterprise Rent-A-Car, Hollywood Kia Dealership, Walgreens, KFC, McDonalds, Dollar Tree and more.

• Sale Type    Investment or Owner User
• Sale Condition    High Vacancy Property
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Funeral Home General Retail Restaurant Freestanding
• Building Size    11,747
• Building Class    C
• Year Built    1973
• Price    2,650,000
• Price Per SF    226
• Cap Rate    9.30
• NOI    246,450
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.51
• Land Acres    0.53 AC