USD 725,000

2320 SW 56th Ter
West Park, Florida 33023

Beds
Baths 0

Property Description

Industrial warehouse located in desirable West park, Florida consisting of 2,364 square feet of leasable space sitting on a 5,391 square feet lot. This building has a small office of 100 square feet, 2 drive ­in roll­up doors and 11' ceilings. Desirable M­2 heavy manufacturing zoning which allows for most industrial uses including automotive.

This property is currently 100% leased. The current tenant is paying $2,500 for the warehouse and additional $1,200 for the lot. Gross annual income is $44,400, net is over $36,985 a year. This income provides an investor with a strong 5.1% capitalization rate. The tenant has a new 2 year lease.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A11160714
Status
Sale
Type
Commercial, Industrial
Zip Code
33023
Year Built
1963
Construction
CBS Construction
Occupancy
Call Listing Agent
Type of Building
Heavy Manufacturing
Utilities
Internet
Disclaimer: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.
Listing content provided by the Miami Association of REALTORS

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