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3472 NE 5TH AVE, Oakland Park, 33334 Florida |
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$3,090,000
Beds Baths
3472 NE 5TH AVE
Oakland Park , FL 33334
COMMERCIAL
- ACTIVE
MLS #: A10612637
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STATUS: ACTIVE,
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YEAR BUILT: 1961, MLS #: A10612637, TAX YEAR: 2018
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 9.58% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $144 a sf which is well below recent sales.
AMENITIES: LOT SIZE BETWEEN 1/2 AND 3/4 ACRE,
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