935 26th St

    West Palm Beach, FL 33407
    • $325,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: A10746989
    UPDATED: 45 min ago
    $325,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Description

    The warehouse/office building consists of 1,820 square feet on a securely fenced 5,750 square foot lot. The property is zoned Liberal I-1 Industrial Distribution by the City of West Palm Beach, which allows for most industrial uses. The property is centrally located between North Australian Avenue and Florida State Road A1A, only 10 minutes from I-95. The tenant is currently month to month with no lease and is paying an under market rent. The property is grossing $15,900 per year, netting $13,589 per year. A new investor can re-tenant this property after closing to the conservative market rate of $13 a square foot net. The pro-forma NOI will provide an investor with a strong 6.57% capitalization rate at the full asking price of $325,000.

    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 2019-11-21T08:41:42.033.
    www.rileysmithgroup.com/homes/99386663

    935 26th St West Palm Beach, FL 33407

    • Price: $325,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: A10746989
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1950
    Built
    County:
    Palm Beach
    Property Description
    The warehouse/office building consists of 1,820 square feet on a securely fenced 5,750 square foot lot. The property is zoned Liberal I-1 Industrial Distribution by the City of West Palm Beach, which allows for most industrial uses. The property is centrally located between North Australian Avenue and Florida State Road A1A, only 10 minutes from I-95. The tenant is currently month to month with no lease and is paying an under market rent. The property is grossing $15,900 per year, netting $13,589 per year. A new investor can re-tenant this property after closing to the conservative market rate of $13 a square foot net. The pro-forma NOI will provide an investor with a strong 6.57% capitalization rate at the full asking price of $325,000.
    Exterior Features

    Pool Private YN No Waterfront YN No

    Interior Features

    Building Area Total 1820 Stories Total 1

    Property Features

    Association YN No Business Type Office/Warehouse CombinationWarehouse Space Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes New Construction YN No Property Sub Type Industrial Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 2488 Year Built Details Resale

    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 2019-11-21T08:41:42.033.
     
    The Riley Smith Group
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