$2,750,000
Fort Lauderdale, FL 33306
MLS# FX-10396875
3 baths
1 / 55
Property Description
Great investment high end building in East Fort Lauderdale. Fully leased with dental services on the first floor and a management company on the second floor. The building recently passed its 40-year inspection. Class A finishes on the interior. One ADA bathroom and two additional bathrooms. Ample common free parking in front and side of the building. Tremendous location on North Federal and Oakland Park Blvd. with a traffic count over 100,000 cars per day. Opportunity to improve the cap rate with the next lease renewal. Virtual tour for 1st & 2nd floor available through the links below. Buyers are required to show proof of funds or pre-qual letter and sign a NDA prior to showings. NDA and floor plans are on MLS attachments.
Details
Maps
Contract Information
Status: Active
Original List Price: 3000000
List Price: $2,750,000
Current Price: $2,750,000
Listing Date: 2023-08-27
Comm/Non-Rep: .00001%
Comm/Buyer Agent: 3.0%
Comm/Trans Brk: 3.0%
General Property Description
Type: Office
For Sale: Yes
For Lease: No
Year Built: 1959
Built Desc: Resale
# of Stories: 2
Total Units: 1
Baths - Total: 3
Acres: 0.07
Waterfront: No
Location, Tax & Legal
Area: 3380
Geo Area: FTNE
Country: United States
County: Broward
Parcel ID: 494225080240
Street #: 3047
Street Dir: N
Street Name: Federal Highway
State/Province: FL
Zip Code: 33306
Zoning: B-1
Legal Desc: CORAL SHOPPING CENTER 29-30 B LOTS 30 & 31
Tax Year: 2023
Real Estate Taxes: 24391
Geo Lat: 26.166756
Geo Lon: -80.117049
Remarks & Misc
Directions: GPS
Office/Member Info
DXORIGMLNO: F10396875
DXORIGMLSID: FLL
Building Info
# of Offices: 16
Interior Ceiling Hgt: 10
# of Tenants: 2
Miles to Expressway: 2
Monetary Info
Gross Sched Income: 155400
Gross Oper Income: 155400
Other Income: 17400
Total Expenses: 41791
Net Oper Income: 113609
Expenses
Insurance: 8400
R.E. Taxes: 24391
Trash: 2400
Utilities: 6600
Total Expenses: 41791
Property Features
Construction: Block; Concrete
Ceiling: Acoustic
Location: Central Business Dst; Shopping Center
Sale Includes: Building and Land
Avail Docs: Aerial
Avail Info: Copies of Lease
Flooring: Ceramic Tile; Vinyl Floor
Cooling: Central Individual
Heating: Central Individual
Fire Protect: Smoke Alarm; Smoke Detector
Tenant Pays: Electric; Insurance; Repairs; Water
Utilities: Public Water
Maintenance Fee Incl: Exterior Electric; Insurance-Bldg; Lawn Care; Maintenance-Exterior
Roof: Other
Terms Considered: Cash
Listing Office: RE/MAX Experience
Last Updated: April - 26 - 2024
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Saturday 4th of May 2024 01:52 AM