USD 856,000

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.

Seller Financing available

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, Warehouse Space
Utilities
Internet
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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