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5050 Peters Rd, Fort Lauderdale FL 33317

Commercial Recently Sold
$1,460,000

BTC: 14.50521134

ETH: 405.02339981

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

Florida • Fort Lauderdale • 33317 • Commercial • Recently Sold

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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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX 5 Star Realty