$1,900,000
$1,850,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
2.39 Acres Lot
SOLD DATE : 02/25/2022
Key Details
Sold Price $1,900,000
Property Type Vacant Land
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Lorson Plat
MLS Listing ID A11143200
Sold Date 02/25/22
HOA Y/N No
Annual Tax Amount $9,186
Tax Year 2021
Contingent 3rd Party Approval
Lot Size 2.390 Acres
Acres 2.39
Lot Dimensions 629x166
Property Sub-Type Business
Property Description
The property is zoned CC - Commercial. The zoning allows most commercial & industrial uses like including outdoor storage, light manufacturing/distribution, office park, brewery, and more.
The property can make a great investment as well. It is currently leased to 30 month-to-month tenants for outdoor parking and storage and landscaping equipment storage. Property is grossing $20,000 per month, netting $13,000 per month. This strong income will provide an annual net income of $156,000. This NOI will yield an investor a strong 8.43% capitalization rate at a full asking price.
Seller financing is available
Seller financing is available to a qualified buyer with a 50% downpayment.
Location
State FL
County Broward County
Community Lorson Plat
Area 3090
Exterior
Utilities Available Electricity Available, Trash Collection, Sewer Not Available
Present Use Commercial
Street Surface Paved
Private Pool Yes
Building
Sewer None
Water Public
Others
Tax ID 504133410010
Ownership Corporation
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Cash
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Bought with Invictus Realty Group Inc
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