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5050 Peters Rd, Fort Lauderdale FL 33317

Commercial Recently Sold
$1,460,000

BTC: 16.79419326

ETH: 469.07931939

Sold on: 2021-12-03
137 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

The property currently resides in unincorporated Broward County’s jurisdiction which is a benefit for any investors seeking re­development or zoning changes. Subject property maintains an existing right of use agreement with Broward County for exclusive use of additional 5­acre concurrent parcel. The property is currently used for landscaping trucks and equipment storage as well as nursery. There are about 40 month­to­month tenants. The actual gross income is $188,880 and growing monthly. The seller projects to raise the income to over $232,080 by the end of the year. This income will provide an investor with a net return of $196,057 per year. This NOI will yield a strong 10% capitalization rate at a full asking price.

Location

Facts and features

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
9.08 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features
  • Lot

    • Lot: 9.08 Acres

    Other Property Information

    • Parcel Number: 504137011461

    • Zoning: Agricultural

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • Electricity Connected

    • Natural Gas Connected

    • Water Connected

    • Well Pump

    • Electricity Available

    • Natural Gas Available

    • Phone Available

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $2,590

  • Source details

    • MLS ID: A11062326

    Other facts

    • Lot Features: City Location / 5 To Less Than 10 Acre Lot

    • Water Source: Well

    • Lot Size Dimensions: 168x2500

    • Subdivision Name: NEWMANS SURVEY NO 1 & 2

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