3472 Ne 5th Ave, Oakland Park, FL 33334
0 Beds
0 Baths
n/a sqft

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The total leasable square footage is 21,385 feet sitting on a large 34,852 square feet lot. The entire property was recently vacated and presents an excellent opportunity for an owner-user or investor. The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 10 total bays. Included in this offering are recent lease comparables confirming the average leasing rates average $14 a square foot net. When leased and stabilized this property will net $296,136 per year yielding a strong 10.58% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $130 an sqft which is well below recent sales.
  • Price:
  • $2,799,000
  • Acreage:
  • 0.80
  • Year Built:
  • 1961
  • Listing ID #:
  • A10612637
  • Street Address:
  • 3472 Ne 5th Ave
  • City:
  • Oakland Park
  • State:
  • Florida
  • Postal Code:
  • 33334
  • County:
  • Broward County
  • Listing Status:
  • Active
  • Year Built:
  • 1961
  • Business Type:
  • Industrial, Office/Warehouse Combination
  • Conforms To Zoning:
  • I1
  • Existing Land Use:
  • Industrial
  • Lot Size Units:
  • Square Feet
  • Lot Square Footage:
  • 34852
  • Days On Market:
  • 478
  • Previous Listing Price:
  • 2959000
  • Property Taxes:
  • $30,103
  • Tax Year:
  • 2018
  • Parking Description:
  • Common
  • Parking Spaces:
  • 10
  • Electricity:
  • 100 Amp Service
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing provided by RE/MAX 5 Star Realty
  • MIAMIRE

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