UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 16,833 sqft
Price per Sqft $278
MLS Listing ID A12070914
HOA Y/N No
Year Built 1959
Annual Tax Amount $47,974
Lot Size 9,075 Sqft
Property Sub-Type Office
Property Description
Five suites and the parking lot currently produce rental income, while vacant suites provide an opportunity to increase occupancy, grow rental revenue and improve NOI through active leasing and property management. The business plan centers on targeted suite preparation, cosmetic improvements, enhanced common-area presentation and rent optimization.
The small-suite configuration supports an incremental leasing strategy targeting professional offices, personal services, beauty/wellness and medical/dental users, subject to zoning and applicable approvals. An opportunity for investors seeking to create value through operational improvements and stabilization in an established South Florida downtown location.
Property is offered As-Is. Buyers and their representatives must independently verify rentable area, suite measurements, leases, income, expenses, property condition, zoning, permitted uses, parking arrangements and all other information. Any projected income or returns are illustrative and are not guaranteed. Offering memorandum available upon request.
Location
State FL
County Broward
Area 3050
Zoning RC-2
Exterior
Total Parking Spaces 23
Garage Yes
Private Pool Yes
Others
Tax ID 514215014680
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12070914
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