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Commercial - for Sale

1601 NW 38TH AVE, LAUDERHILL, FL 33311

Asking Price$5,467,000

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  • Year Built 1977
  • Days on market:

    374 day(s)
  • Tax Legal Description:

    INDUSTRIAL 100 UNIT 2 85-2 B PORTION OF TR D DESC AS COMM SW COR OF TR B OF INDUSTRIAL 100 UNIT ONE-PB-85-3-B,ELY 40 TO POB,CONT ELY 255,SLY
  • Tax Year:

    2021
  • Property Type:

    Commercial
  • Parking:

    Common Parking
  • Construction Type:

    Cbs Construction
  • Heating Description:

    Central Individual A/C
  • Sewer Description:

    Public Sanitation

Description

$5,467,000

Freestanding 24,850 sqft industrial building .the property is situated on a total of 1.6 acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased roi . building clear ceiling 14' . the property, value-add, industrial flex warehouse located in lauderhill "industrial park " , on a strategic corner across from ups ,this property is in an outstanding location for industrial uses and can be a strategic asset to own.
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