This prime investment property includes both parking lot at 6400 Pembroke Rd and the fully leased building at 6402 Pembroke road located on the SW corner of Prmebroke Rd with exceptional visibility, seeing 33,000 vehicles daily. Ideally located between 441 a

6400 Pembroke Rd, Miramar, FL 33023, USA

$1,199,000 USD
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Address6400 PEMBROKE RD, Miramar
Type of PropertyRetail
Type of BusinessCommercial / Residential Income, Retail Space
Price$1,199,000
Previous Price$1,275,000 (171 days ago)
Property StatusActive
MLS NumberA11749645
Property Size14041
Lot Size14041
Year Built1956
Folio Number514123071920
Net Operating Income$81,840
Zoning InformationML
Days on Market226

Detailed Description: This prime investment property includes both parking lot at 6400 Pembroke Rd and the fully leased building at 6402 Pembroke road located on the SW corner of Prmebroke Rd with exceptional visibility, seeing 33,000 vehicles daily. Ideally located between 441 and Florida’s Turnpike, it offers easy access to major highways. Fully leased with tenants on month-to-month leases (they would like to stay and extend leases), it provides flexibility for immediate cash flow or redevelopment. With strong rental income, future appreciation potential, and a net operating income of $81,840 per year, this is a great opportunity for investors looking for a solid cap rate, developers or end users.

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Address Information
StateFlorida
CityMiramar
CountyBroward County
Zip Code33023
Address6400 PEMBROKE RD
Section23
Zip Code (4 Digits)2138
Google Location Info6400 Pembroke Rd, Miramar, FL 33023, USA
Financial Information
Price$1,199,000
Price per Foot$0
Previous Price$1,275,000
Folio Number514123071920
Net Operating Income$81,840
Tax Amount$16,862
Possession InformationFunding
Full Descriptions
Detailed DescriptionThis prime investment property includes both parking lot at 6400 Pembroke Rd and the fully leased building at 6402 Pembroke road located on the SW corner of Prmebroke Rd with exceptional visibility, seeing 33,000 vehicles daily. Ideally located between 441 and Florida’s Turnpike, it offers easy access to major highways. Fully leased with tenants on month-to-month leases (they would like to stay and extend leases), it provides flexibility for immediate cash flow or redevelopment. With strong rental income, future appreciation potential, and a net operating income of $81,840 per year, this is a great opportunity for investors looking for a solid cap rate, developers or end users.
Property parameters
Living Area14041
Lot Size14041
Total Acreage0.000
Zoning InformationML
Maximum Leasable Size14041
Year Built1956
Type of PropertyRetail
Type of BusinessCommercial / Residential Income, Retail Space
Listed withPerfect Properties of Florida Real Estate