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$1,199,000
Est. payment /mo
4,821 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,821 sqft
Price per Sqft $248
MLS Listing ID A11749645
Maintenance Fees $960
HOA Y/N No
Year Built 1956
Annual Tax Amount $16,862
Lot Size 0.322 Acres
Property Sub-Type Retail
Property Description
This prime investment property includes both parking lot at 6400 Pembroke Rd and the fully leased building at 6402 Pembroke road located on the SW corner of Prmebroke Rd with exceptional visibility, seeing 33,000 vehicles daily. Ideally located between 441 and Florida's Turnpike, it offers easy access to major highways. Fully leased with tenants on month-to-month leases (they would like to stay and extend leases), it provides flexibility for immediate cash flow or redevelopment. With strong rental income, future appreciation potential, and a net operating income of $81,840 per year, this is a great opportunity for investors looking for a solid cap rate, developers or end users.
Location
State FL
County Broward
Area 3100
Exterior
Private Pool Yes
Others
Tax ID 514123071920
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11749645
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Listed by Perfect Properties of Florida Real Estate
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Milton Knight
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675