2589 S Park Ln

    Pembroke Park, FL 33009
    • $675,000
    • STATUS: Closed
    • ON SITE: 156 days
    • MLS #: A10701770
    Sold - 10/11/2019
    $675,000
    SOLD - 10/11/2019
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1968
    County:

    School Ratings & Info

    Description

    The subject property consists of 5,000 SF of leasable space well situated on a 7,690 Sf lot. The building has a +/- 1000 SF office space, 2 drive-in roll-up street-level doors, and 16' ceilings. Property is located in close proximity to I-95. Liberal M-1 zoning permits most industrial uses. Perfect for an owner-user looking to relocate his business to one of the most rapidly growing markets in South Florida. This property can make a great investment as well. An investor can easily lease this property for a $14 a square foot. This rent will produce $55,750 per year in net income providing an over market capitalization rate of 7.8% on a pro- forma basis. Seller financing is available with 30% down payment at 7.5% annual interest rate, subject to buyer's qualifications.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-12-08T19:41:47.27.
    www.rileysmithgroup.com/homes/96571442

    2589 S Park Ln Pembroke Park, FL 33009

    • Price: $715,000
    • Status: Closed
    • Updated: 75 min ago
    • MLS #: A10701770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1968
    Built
    County:
    Broward
    Property Description
    The subject property consists of 5,000 SF of leasable space well situated on a 7,690 Sf lot. The building has a +/- 1000 SF office space, 2 drive-in roll-up street-level doors, and 16' ceilings. Property is located in close proximity to I-95. Liberal M-1 zoning permits most industrial uses. Perfect for an owner-user looking to relocate his business to one of the most rapidly growing markets in South Florida. This property can make a great investment as well. An investor can easily lease this property for a $14 a square foot. This rent will produce $55,750 per year in net income providing an over market capitalization rate of 7.8% on a pro- forma basis. Seller financing is available with 30% down payment at 7.5% annual interest rate, subject to buyer's qualifications.
    Exterior Features

    Pool Private YN No Waterfront YN No

    Interior Features

    Building Area Total 5000

    Property Features

    Association YN No Business Type IndustrialWarehouse Space Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes New Construction YN No Property Sub Type Industrial Public Survey Section 29 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 8989

    Listing courtesy of Re/Max 5 Star Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-12-08T19:41:47.27.
     
    The Riley Smith Group
    3560 Main Highway
    Coconut Grove FL, 33133