USD 1,950,000

5050 Peters Rd
Fort Lauderdale, Florida 33317

Beds
Baths 0

Property Description

The property currently resides in unincorporated Broward County’s jurisdiction which is a benefit for any investors seeking re­development or zoning changes. Subject property maintains an existing right of use agreement with Broward County for exclusive use of additional 5­acre concurrent parcel. The property is currently used for landscaping trucks and equipment storage as well as nursery. There are about 40 month­to­month tenants. The actual gross income is $188,880 and growing monthly. The seller projects to raise the income to over $232,080 by the end of the year. This income will provide an investor with a net return of $196,057 per year. This NOI will yield a strong 10% capitalization rate at a full asking price.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A11062326
Status
Sale
Type
Commercial, Land
Zip Code
33317
Lot Area
395,525ft2
Ground Feature
Well
Water Source
City/mains water
Septic
Septic tank
Fuel Type
Gas
Location
City Location
Lot
5 To Less Than 10 Acre Lot
On Site Utilities
Gas, Well Pump
Road Type
Legal Access Road
Utilities
Internet
Utilities Available
Phone Line, Trash Removal
Zoning Information
Agricultural

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