$3,000,000
$3,600,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
9,615 SqFt
SOLD DATE : 05/10/2024
Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,615 sqft
Price per Sqft $312
MLS Listing ID A11252431
Sold Date 05/10/24
HOA Y/N No
Year Built 1962
Annual Tax Amount $17,554
Contingent 3rd Party Approval
Lot Size 0.319 Acres
Property Description
This 9,615 SF flex space building is a perfect blend of office and true industrial, situated on a large 19,540 SF lot. The parking lot across the street is on a long-term lease with the city of Hallandale Beach and provides a tremendous amount of available parking.The property is 100% occupied by 3 tenants and is currently netting $219,307 per year, which will provide an investor with a strong 6.09% capitalization rate at full asking price. All tenants are currently month-to-month. The property can be delivered vacant for an owner-user.
Location
State FL
County Broward County
Area 3080
Others
Tax ID 514222120011
Financing Cash
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Bought with RE/MAX 5 Star Realty
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