$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
Others
Tax ID 514124020731
Financing Cash
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Bought with Central Commercial Real Estate