MLS # :A11396817 |
Price :$1,299,000 |
Status :
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Listing Date :Jun 01, 2023 |
Square Footage :Not Available |
County :Broward County |
Square Footage :Not Available |
Year Built :1955 |
Taxes :$7,093 Per Year |
Waterfront :No |
Virtual Tour : |
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Remarks :The subject property consists of 1,517 SF of office space on a 3,031 SF lot. Currently built out as a general office. This property also works very well for an investor. An investor can lease the property at a market rate of $58.19 p/SF NNN after closing. This will provide a net annual income of $88,274.23 and a 6.8% capitalization rate at full asking price. The zoning allows the building to be expanded to 2 stories / 6,000+ SF with no parking variance needed. Also, residential is permitted above the ground floor. Enjoy all the benefits of a downtown workplace which includes great business retail visibility, desirable employee work place location, close proximity to top restaurants and nightlife, major national events, and ample parking. |
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