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519 NE 34th St Oakland Park, FL 33334
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Key Details
Sold Price $1,398,607
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,956 sqft
Price per Sqft $116
MLS Listing ID A10612629
Year Built 1959
Annual Tax Amount $15,559
Tax Year 2018
Lot Size 0.505 Acres
Property Description
John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a freestanding warehouse located in Oakland Park Florida. The total leasable square footage is 11,956 square feet sitting on a large 22,003 square feet lot. The entire property was recently vacated and is an excellent opportunity for an owner user or investor. The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 6 total bays. Property is located in Opportunity Zone. When leased and stabilized this property will net $147,472 per year yielding a strong 8.67% capitalization rate. Property is zoned I1 light industrial. See enclosed all allowable zoning uses. This property is being offered at only $142.19 a sf which is well below recent sales.
Location
State FL
County Broward County
Area 3450
Exterior
Waterfront No
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Bought with Level Realty Partners, LLC
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