Quick Info
MLS #: A11252431 | Post Updated: 2023-07-15 05:31:20 | Lot Size Units: Square Feet | Year built: 1962 |
Status: Active | Type: Commercial |
Description
This 9,615 SF flex space building is a perfect blend of office and true industrial situated on a large 19,540 SF lot. Parking lot across the street is on a long term lease with the city of Hallandale Beach and provides a tremendous amount of available parking. The building as well as the adjacent lot is being sold for $4,250,000. The property is 100% occupied by 3 tenants and is currently netting $185,554 per year which will provide an investor with a strong 4.37% capitalization rate at full asking price. The 7,200 SF space is occupied by a church and is currently month to month. The South bay is occupied by a ministry school currently leased to October 2023. The adjacent lot is occupied by a pre-school currently leased to April 2025.
Location Details
- County Or Parish: Broward County
- Zoning Description: Central RAC
Property details
- Total Building Area: 9615 sq ft
- Lot Size Square Feet: 13910 sq ft
- Parcel Number: 514222120011
- Lot Size Area: 13910
- Structure Type: Office,Warehouse
Fees & Taxes
- Tax Annual Amount: $ 17,554.00
- Tax Legal Description: BEN-MEL BY THE SEA 16-3 B BLK A N 125 OF S 275 & W 5 OF 10 ALLEY ADJ
Miscellaneous
- Public Survey Section: 22
- Syndication Remarks: Great Flex Building in Desirable East Hallandale Beach, Florida; Ample Parking; Central RAC zoning; Perfect for owner user or investor
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11252431
Disclaimer
The data pertaining to real estate for sale or for lease on this web site comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with those Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name, the MLS name, or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Broker. The information provided is thought to be reliable, but is not guaranteed to be accurate; you are advised to verify the facts that are important to you. No warranties, expressed or implied, are provided for the data herein or for its use or interpretation by the user. The Florida Association of Realtors and its cooperating MLS's do not create, control, or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status, or national origin in the sale, rental, or financing of housing.
This Commercial located in Hallandale Beach, is a Commercial Sale Real Estate listing and is available on Cays.com. This property is listed at $ 3,700,000.00, has bedrooms, bathrooms, and has a area. This property was built in 1962.