2320 56th Ter ,Industrial, Heavy Manufacturing for Sale & Rent

2320 56th Ter for Sale & Rent

Price $725,000.00

  • Lot size 5391
  • Year Build 1963
  • Waterfront
  • Zip 33023
  • Style
  • Parking Description
  • Pool Yes
  • Status Active
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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 roll?up doors and 11' ceilings. Desirable M?2 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.

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.

STURDEVANTS 2ND ADD TO WEST HOLLYWOOD 4-18 B LOT 19 BLK 12

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 roll?up doors and 11' ceilings. Desirable M?2 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.

City:West Park,List A O R:A-Miami Association of REALTORS,Latitude:25.9888493,List Price:725000,Listing Id:A11160714,Longitude:-80.1997327,Mls Status:Active,Year Built:1963,Postal Code:33023,Street Name:56th Ter,Coordinates:1:25.9888493,Photos Count:9,Days On Market:38,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2022-02-14,Parcel Number:514124020442,Property Type:Commercial Sale,Street Number:2320,Public Remarks: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 roll?up doors and 11' ceilings. Desirable M?2 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.,County Or Parish:Broward County,Expiration Date:2022-08-14,List Office Name:RE/MAX 5 Star Realty,Private Remarks: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.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4019,Property Sub Type:Industrial,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:7415,Unparsed Address:2320 SW 56th Ter, West Park FL 33023,Listing Agreement:Exclusive Agency,Building Area Total:2364,Building Area Units:Square Feet,Lot Size Square Feet:5391,Original List Price:725000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks: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 roll?up doors and 11' ceilings. Desirable M?2 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.,Listing Contract Date:2022-02-14,Originating System I D:miamire,Public Survey Section:24,Street Number Numeric:2320,Tax Legal Description:STURDEVANTS 2ND ADD TO WEST HOLLYWOOD 4-18 B LOT 19 BLK 12,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,Contract Status Change Date:2022-02-14,Internet Address Display Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $725,000.00
  • Price Change: 2022-02-14
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1963
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction CBS Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2022-02-14
  • Days on Market 130
  • Furnished
  • City West Park
  • Zip 33023
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 7415
  • Taxes Year