5716 Hallandale Beach Blvd

    West Park, FL 33023
    • $539,000
    • STATUS: Active
    • ON SITE: 338 days
    • MLS #: A10572872
    UPDATED: 50 min ago
    $539,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Description

    This freestanding retail building consists of 2,700 square feet of leasable space well situated on a large 11,126 square foot lot. This property is currently occupied by 2 long term tenants. The current gross rent is $36,660 per year netting $26,925 per year. When both tenants are increased to market rents the gross potential income will be $49,800, netting $40,065 per year on a pro-forma basis. This income will provide an investor with a strong 7.43% capitalization rate at a full asking price. This property can also work for an owner user, who can occupy 1,200 sf right away. One tenant is month to month, the other tenant's lease expires in September 2019. Call for additional information and please remember to not disturb exiting tenants.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-21T07:41:33.553.
    www.southfloridahomefinderteam.com/homes/89476285

    5716 Hallandale Beach Blvd West Park, FL 33023

    • Price: $539,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: A10572872
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1970
    Built
    County:
    Broward
    Property Description
    This freestanding retail building consists of 2,700 square feet of leasable space well situated on a large 11,126 square foot lot. This property is currently occupied by 2 long term tenants. The current gross rent is $36,660 per year netting $26,925 per year. When both tenants are increased to market rents the gross potential income will be $49,800, netting $40,065 per year on a pro-forma basis. This income will provide an investor with a strong 7.43% capitalization rate at a full asking price. This property can also work for an owner user, who can occupy 1,200 sf right away. One tenant is month to month, the other tenant's lease expires in September 2019. Call for additional information and please remember to not disturb exiting tenants.
    Exterior Features

    Parking Features Other Parking Total 10 Pool Private YN No Waterfront YN No

    Property Features

    Association YN No Business Type Retail Space Electric 110 Volts Power Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes New Construction YN No Public Survey Section 25 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 6734 Tax Year 2018

    Listing courtesy of Re/Max 5 Star Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-21T07:41:33.553.
     
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    701 Promenade Drive, Suite 230
    Pembroke Pines FL, 33026