$2,500,000
For Sale

5371 10th Avenue

Greenacres, FL 33463
Browse 25 photos
Type:Purchase
Structure:Retail
Zone:Commercial

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

Mike MehdipourThe Mehdipour Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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.

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Loan Amount
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