2320 56th Ter ,Industrial for Sale & Rent

2320 56th Ter for Sale & Rent

Price $856,000.00

• Lot size 5391
• Year Build 1963
• Waterfront
• Zip 33023
• Style
• Parking Description
• Pool Yes
• Status Active

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. Seller Financing available

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. Seller Financing available

City:West Park,List A O R:A-Miami Association of REALTORS,Latitude:25.9888493,List Price:856000,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,Business Type:1:Warehouse Space,Days On Market:309,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,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. Seller Financing available,County Or Parish:Broward County,Expiration Date:2023-12-31,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:Price Increase,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,Previous 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. Seller Financing available,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:%,