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$890,000
Est. payment /mo
1,033 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,033 sqft
Price per Sqft $861
MLS Listing ID A12081481
Style Detached
HOA Y/N No
Annual Tax Amount $8,086
Lot Size 0.250 Acres
Property Sub-Type Retail
Property Description
CORNER LOT INVESTMENT - Free-standing 1,033 SF CBS retail on oversized 10,903 SF corner lot with ~150 FT of frontage on Pembroke Rd, zoned TOC2. Leased to established salon at $4,750/mo ($57,000 gross annually) - immediate income with flexibility for vacant delivery for owner-user.
2024 NOI $37,291 after taxes $8,086, insurance, etc. = 4.19% Cap Rate at asking price. TOC2 allows retail, office, restaurant, and mixed-use/multifamily up to 35 FT height per City of West Park - ideal for investor, owner-user, or future redevelopment. Features private office, 2 restrooms, central A/C, common/accessible parking, and security system. High-visibility State Rd location with direct access to I-95, FL Turnpike, and dense residential rooftops. Value-add land play with income in place.
2024 NOI $37,291 after taxes $8,086, insurance, etc. = 4.19% Cap Rate at asking price. TOC2 allows retail, office, restaurant, and mixed-use/multifamily up to 35 FT height per City of West Park - ideal for investor, owner-user, or future redevelopment. Features private office, 2 restrooms, central A/C, common/accessible parking, and security system. High-visibility State Rd location with direct access to I-95, FL Turnpike, and dense residential rooftops. Value-add land play with income in place.
Location
State FL
County Broward
Area 3080
Zoning TOC 2
Interior
Heating Central
Cooling Central Air
Exterior
Total Parking Spaces 8
Private Pool Yes
Building
Story 1
Sewer Other
Water Public
Architectural Style Detached
Level or Stories One
Structure Type Block
Others
Tax ID 514219013780
Security Features Security System,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Influencers Realty Group
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