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Gelfand Realty Miami Properties for Sale - Commercial for Sale

2320 SW 56TH TER, WEST PARK, FL 33023

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Commercial - for Sale

2320 SW 56TH TER, WEST PARK, FL 33023

Asking Price$856,000 Change Price$131,000

  • Lot size 5391sqft
  • Taxes $7,415
  • Year Built 1963

  • Days on market:

    309 day(s)

  • Original Price:

    $725,000

  • Tax Legal Description:

    STURDEVANTS 2ND ADD TO WEST HOLLYWOOD 4-18 B LOT 19 BLK 12

  • Property Type:

    Commercial

  • Construction Type:

    Cbs Construction

  • Special Listing Conditions:

    Sale

Description

$856,000

Industrial warehouse located in desirable west park, florida consisting of 2,364 square feet of leasable space sitting on a 5,391 square feet lot. this building has a small office of 100 square feet, 2 drive ­in roll­up doors and 11' ceilings. desirable m­2 heavy manufacturing zoning which allows for most industrial uses including automotive. this property is currently 100% leased. the current tenant is paying $2,500 for the warehouse and additional $1,200 for the lot. gross annual income is $44,400, net is over $36,985 a year. this income provides an investor with a strong 5.1% capitalization rate. the tenant has a new 2 year lease. seller financing available

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