$480,000
$499,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
5,391 Sqft Lot
SOLD DATE : 05/03/2019
Key Details
Sold Price $480,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID A10507377
Sold Date 05/03/19
HOA Y/N No
Year Built 1974
Annual Tax Amount $6,724
Tax Year 2017
Lot Size 5,391 Sqft
Property Description
Great warehouse located in desirable West Park Florida, Hollywood area. Building has 2 legal bays with separate electric meters, 2 roll-up street level doors and 16' ceilings. Seller financing is available with 50.0% down payment, subject to buyer's qualifications. Current tenant is paying $2,100 a month including sales tax for both bays. Market rents in this area are $15 per sq ft or $1,900 per month plus sales tax for each individual bay. This property has substantial financial upside and an investor can re-tenant this property at a market rent which will yield a 7.29% capitalization rate. This building is also a great choice to relocate your business to and perfect for an owner-user. Do not disturb existing tenant. For additional information contact the listing broker.
Location
State FL
County Broward County
Area 3080
Exterior
Waterfront No
Others
Tax ID 514124020731
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Central Commercial Real Estate
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
5425 Golden Gate Pkwy, Naples, FL, 34116, United States