$1,075,000
$1,125,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
1327 S Federal Hwy Dania Beach, FL 33004
2,075 SqFt
Key Details
Sold Price $1,075,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,075 sqft
Price per Sqft $518
MLS Listing ID A11092363
Sold Date 12/29/21
Style Detached
HOA Y/N No
Year Built 1959
Annual Tax Amount $4,971
Contingent Pending Inspections
Lot Size 8,000 Sqft
Property Description
Great freestanding office building in desirable East Dania Beach Florida well situated directly on Federal Hwy / US 1. This property is in excellent overall condition and truly movein ready. The current floor plan will accommodate most businesses. Perfect building for any kind of retail or law firm, insurance office, architectural/engineering firm, real estate office, medical office, plastic surgeon, etc.
Investors seeking strong returns can lease this property after closing. Fair market rent is $35 per SF NET or $72,625 per year, which would yield a steady market capitalization rate of 6.46% on a proforma basis.
Location
State FL
County Broward County
Area 3020
Building
Architectural Style Detached
Others
Tax ID 514203070010
Financing Cash
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Bought with RE/MAX 5 Star Realty