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- LoopNet Team
2401 S State Road 7
West Park, FL 33023
Colmen Motors of Hollywood Florida · Land For Sale
·
0.41 AC
INVESTMENT HIGHLIGHTS
- 0.41 Acres Site
- Liberal B-3 & C-1 Zoning
- Located directly on 441/State Rd 7
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.41 AC |
| Zoning | B-3 - Business Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.41 AC |
| Zoning | B-3 - Business Commercial |
DESCRIPTION
Great 17,739 sf lot located with 495 sf office located directly on 441 S State Rd 7 in West Park Florida (Regional Hollywood Area). Property is currently occupied by a month to month tenant operating as a licensed car dealership. A new investor can re-tenant this property after closing at a higher market rent of $7,000 per month ($84,000 annually) NET. This NOI would provide an investor with an 8.4% capitalization rate at the full asking price of $995,000 on a pro-forma basis. Perfect property for an owner-user as well. Please do not disturb the existing tenant, all showings are by appointment only. Call for additional information.
PROPERTY TAXES
| Parcel Number | 51-41-24-02-1041 | Improvements Assessment | $332,140 |
| Land Assessment | $354,780 | Total Assessment | $686,920 |
PROPERTY TAXES
