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$1,880,000
Est. payment /mo
2,706 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,706 sqft
Price per Sqft $694
MLS Listing ID A11684998
HOA Y/N No
Year Built 1985
Annual Tax Amount $23,459
Tax Year 2023
Lot Size 0.643 Acres
Property Sub-Type Retail
Property Description
The property is a retail building zoned B1, located within a proposed redevelopment area encompassing approximately 28,000 square feet of mixed-use space. The site allows for the construction of up to five (5) stories, presenting an excellent opportunity for the development of office and retail spaces. The projected resale value is $12,500,000, based on a 6% capitalization rate and a 9% internal rate of return (IRR). Additional details are available in the attached documents.
The property currently generates a substantial annual income of $84,392, providing a solid return on investment.
The property currently generates a substantial annual income of $84,392, providing a solid return on investment.
Location
State FL
County Broward
Area 3550
Interior
Cooling Central Air
Exterior
Private Pool Yes
Building
Water Public
Others
Tax ID 494220010014
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11684998
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Listed by The Cardenas Group Realty