Fort Lauderdale, FL 33312,3493 Davie BLVD
Fort Lauderdale, FL 33312,3493 Davie BLVD
Fort Lauderdale, FL 33312,3493 Davie BLVD
Fort Lauderdale, FL 33312,3493 Davie BLVD
Fort Lauderdale, FL 33312,3493 Davie BLVD
Fort Lauderdale, FL 33312,3493 Davie BLVD
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Listed by Preferred Properties Int'l Rea
Bought with LoKation

$1,200,000

$1,250,000

4.0%
Est.Price: ?

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Est. payment /mo

2 Baths

3,270 SqFt


SOLD DATE : 12/21/2023

Key Details

Sold Price $1,200,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 3,270 sqft

Price per Sqft $366

Subdivision Breezyway Manor

MLS Listing ID RX-10885674

Sold Date 12/21/23

Year Built 1961

Annual Tax Amount $10,703

Tax Year 2022

Lot Size 8,712 Sqft

Property Description

Commercial Building containing two units on with excellent visibility on busy Davie Blvd. One unit contains 2406 square feet and is leased to a check cashing store that has been a tenant for many years. The lease is NNN and ends 12/31/2025 with one 5-year option to renew. Base rent increases 4% per year during the current term. The tenant also pays 74% of the estimated CAM, RE Taxes and Ins., for the property with the monthly rent. The other unit contains 864 square feet and is vacant. It can be rented out or used by owner. The property has room in the rear for a trailer or to use for storage. Freshly painted and roof recently sealed. Cap rate is 5.1% at asking price. With yearly increases in tenant's base rent and the ability to lease vacant unit, the cap rate could easily exceed 6%.

Location

State FL

County Broward

Area 3570

Zoning CB

Interior

Heating Central Individual

Cooling Central Individual

Flooring Carpet, Ceramic Tile

Fireplaces Type Smoke Alarm

Exterior

Utilities Available Electric, Public Sewer, Public Water

Roof Type Built-Up

Building

Story 100.00

Foundation CBS

Others

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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