3472 NE 5th Ave

    Oakland Park, FL 33334
    • $2,959,000
    • STATUS: Active
    • ON SITE: 253 days
    • MLS #: A10612637
    Price Reduced
    $2,959,000
    • 0
      BEDS
    • 0.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    The total leasable square footage is 21,385 feet sitting on a large 34,852 square feet lot. The entire property was recently vacated and presents 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 10 total bays. Included in this offering are recent lease comparables confirming the average leasing rates average $14 a square foot net. When leased and stabilized this property will net $296,136 per year yielding a strong 10% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $138 a sf which is well below recent sales.

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    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-16T23:54:39.503.
    www.bestbrowardrealestate.com/homes/91571544

    3472 NE 5th Ave Oakland Park, FL 33334

    • Price: $2,959,000
    • Status: Active
    • MLS #: A10612637
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.8
    Acres
    1961
    Built
    County:
    Broward
    Property Description
    The total leasable square footage is 21,385 feet sitting on a large 34,852 square feet lot. The entire property was recently vacated and presents 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 10 total bays. Included in this offering are recent lease comparables confirming the average leasing rates average $14 a square foot net. When leased and stabilized this property will net $296,136 per year yielding a strong 10% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $138 a sf which is well below recent sales.
    Exterior Features

    Parking Features Common Parking Total 10 Pool Private YN No Waterfront YN No

    Property Features

    Association YN No Business Type IndustrialOffice/Warehouse Combination Electric 100 Amp Service Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes New Construction YN No Property Sub Type Industrial Public Survey Section 23 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 30103 Tax Year 2018

    Listing courtesy of Re/Max 5 Star Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-16T23:54:39.503.
     
    The Teri Arbogast Team at Keller Williams Partners SW
    2000 NW 150th Ave Suite 1100
    Pembroke Pines FL, 33028