$450,000
$495,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
1938 E Sunrise Blvd Fort Lauderdale, FL 33304
1,593 SqFt
Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,593 sqft
Price per Sqft $282
MLS Listing ID A10961361
Sold Date 04/30/21
Construction Status Resale
HOA Y/N No
Year Built 1963
Annual Tax Amount $6,259
Contingent Pending Inspections
Lot Size 1,593 Sqft
Property Sub-Type Retail
Property Description
Excellent investment opportunity minutes away from Ft. Lauderdale Beach and The Galleria Mall. Currently performing at a 9.7% cap rate with $4K NOI monthly. Retail/Office building located in The Gateway Shopping Center near Sunrise Blvd. and US-1 with 58,000 VPD and ample free parking for a new owner-user. Currently fully lease by two tenants: Suite A is about 500 Sqft with the lease starting in Jan. 2021 and Suite B is about 1,100 SqFt currently a month to month lease. Owner financing available with 20% down. Please do not disturb the tenants. Contact listing agent for any questions.
Location
State FL
County Broward County
Area 3270
Direction From I95: East on Sunrise Blvd. to Gateway Shopping Center on the Southside of E. Sunrise Blvd at the intersection of N. Federal Hwy. Building is located at the Southeast end of the shopping center.
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Roof Type Tar/Gravel
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Block
Construction Status Resale
Others
Tax ID 504201190070
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Seller Financing
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Bought with Rona International Realty