Remarks

The property is a retail building zoned B1, located within a proposed redevelopment area encompassing approximately 28,000 square feet of mixed-use space. The site allows for the construction of up to five (5) stories, presenting an excellent opportunity for the development of office and retail spaces. The projected resale value is $12,500,000, based on a 6% capitalization rate and a 9% internal rate of return (IRR). Additional details are available in the attached documents.

The property currently generates a substantial annual income of $84,392, providing a solid return on investment.

Details

MLS#: A11684998
Price: $1,880,000

Style: Retail
Year Built: 1985

County: Broward
Tax Fee: 23459