Property Listing No Longer Available for Sale

5960 SW 23 street, West park, FL

Retail for Sale - $750,000 - 5,900 Sq. Ft. on 18866 acres


Property Info

CIMLS#754833
Location
  5960 SW 23 street
  West park FL 33023
UpdatedDecember 4th, 2015
TypeRetail
Price$750,000
Building5,900 Sq. Ft.
Land18866 acres

Property Description

Opportunity to purchase 2 properties side by side, located on 2 parcels in the new redevelopment area known as the Transit Oriented Corridor (TOC) initiated by the Florida DOT along State Road 7 (US 441) to widening the Road and beautifying the roadway's corridor with parks, landscaping, pavers and new construction. This will substantially raise property values in the area upon completion of this project. These 2 properties for Sale consist of : 1) Free standing concrete building 5,900 s/f divided into 4 bays with 6 rolling bay doors, 16' high ceiling and have been recently renovated and painted,leased at $ 6,200 per month to 4 tenants with rent agreements of 3 years, One tenant is willing to leave if needed. price $ 750,000.00. 2) SOLD for $ 170,000

Located on 441 between Pembroke Rd and Hallandale beach blvd

In between Miami and Fort Lauderdale


Financials

Great Cash Flow with below market rents generating an 9.04 % cap rate.