John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a freestanding warehouse located in Oakland Park Florida. The total leasable square footage is 11,956 square feet sitting on a large 22,003 square feet lot. The entire property was recently vacated and is 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 6 total bays. Property is located in Opportunity Zone. When leased and stabilized this property will net $147,472 per year yielding a strong 8.67% capitalization rate. Property is zoned I1 light industrial. See enclosed all allowable zoning uses. This property is being offered at only $142.19 a sf which is well below recent sales.
Elementary School | Middle School | High School |
The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (A10612629) is provided courtesy of (RE/MAX 5 Star Realty). 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. Data last updated on 04-25-2024. IDX powered by Realty Net Media
Erika Meyer , Realtor
RE/MAX 5 Star Realty
4151 Hollywood Blvd & 1901 Harrison ST
Hollywood, FL 33021
954-558-8005
floridarealtor2003@yahoo.com