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2589 S Park Ln, Pembroke Park, Florida 33009
8
MLS# A10701770

2589 S Park Ln ,
Pembroke Park, Florida 33009
$715,000
Sq.Ft: 7,690 PSF: $92.98 Type: Commercial/Investment

The subject property consists of 5,000 SF of leasable space well situated on a 7,690 Sf lot. The building has a +/- 1000 SF office space, 2 drive-in roll-up street-level doors, and 16' ceilings. Property is located in close proximity to I-95. Liberal M-1 zoning permits most industrial uses. Perfect for an owner-user looking to relocate his business to one of the most rapidly growing markets in South Florida. This property can make a great investment as well. An investor can easily lease this property for a $14 a square foot. This rent will produce $55,750 per year in net income providing an over market capitalization rate of 7.8% on a pro- forma basis. Seller financing is available with 30% down payment at 7.5% annual interest rate, subject to buyer's qualifications.

0 NEW
DAYS ON MARKET: 13
LISTING DATE:
07/04/2019
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