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2926 NW 17th Ter Oakland Park, FL 33311
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Key Details
Sold Price $645,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $143
MLS Listing ID A10596622
Year Built 1975
Annual Tax Amount $7,375
Tax Year 2018
Lot Size 6,374 Sqft
Property Description
This building consists of 4,500 square feet located is rapidly appreciating Oakland Park Florida. Liberal I-1 Industrial zoning allows most industrial uses. This building is occupied by 1 tenant. The property is grossing $54,000 per year, netting $43,143 per year. A new investor can re-tenant this property after closing to market rates of $16 a foot net. This Pro-forma NOI will provide an investor with a strong 9.47% capitalization rate at the full asking price of $760,000. See enclosed recent comparable closed leases. Please remember to not disturb existing business, all showings are by appointment only.
Location
State FL
County Broward County
Area 3560
Exterior
Waterfront No
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Bought with RE/MAX 5 Star Realty
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