5371 10th Avenue
Greenacres, FL 33463
#FX-10419199
Description
? Location: Strategically positioned on a .6568-acre lot with a 7,118 sq ft free-standing building.?? Traffic: Boasting a substantial traffic count of 19,300, making it an ideal spot for businesses relying on foot traffic.?? Marketing Potential: Featuring a tall and visible road sign, perfect for live signage marketing.?? Investment Highlights:Financials:2023 Taxes: $23,628Common Electric: $1,983.36Common Water: $5,100 + $2,794.88Fire Alarm Monitoring: $1,694.88Garbage Pickup: $4,745.88Insurance: $5,551.63Lease Flexibility: Short leases expiring in 2025 provide landlord flexibility.Below Market Leases: Current leases are at least 30% below market rates, offering significant growth potential.Tenant Contributions: Tenants contributing below allotted CAM, creating additional value for potential investors.?? Opportunity for Growth: Ideal for an owner-user seeking a location with untapped potential and the opportunity to capitalize on market rates.?? Lease Expiry: Short-term leases allow for strategic repositioning and adjustment to market trends.?? Value Proposition: An exceptional investment opportunity with a prime location, high visibility, and potential for increased returns through lease optimization.
Construction Details
- Property TypePurchase
Condition
- Year Built1985
Community and Neighborhood Details
- CountyPalm Beach
- ZoningMXD-OS
Financial Details
- Original List Price$2,500,000
- Taxes Annual$22,416
Other
- MLS #FX-10419199
Location
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Alan Abdin (#279622007)
Listing Office: Total R E Consultants Inc (#TREC01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.