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$3,495,000
Est. payment /mo
12,070 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 12,070 sqft
Price per Sqft $289
MLS Listing ID A11960453
HOA Y/N No
Year Built 1959
Annual Tax Amount $32,110
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Industrial
Property Description
RARE SMALL BAY WAREHOUSE FOR SALE 201-215 SW 21st in Ft. Lauderdale. Completely updated small bay industrial warehouse property totals +/- 12,070 square feet & sits on a 0.48-acre site. Currently laid out as 15 Individual Bays & is 100% leased. Located in one of the country's densest and most desirable submarkets of Ft. Lauderdale. Current in-place rents for existing tenants are $20.00 modified gross with all tenants on "Month to Month" leases. NOI approximately $185,000. +/- . Market rents remain meaningfully below the competitive set, allowing new ownership to increase rents while preserving the Property's value-alternative positioning. Built in 1959 and fully renovated in 2025-2026, with the following improvements: Brand-New Roof & Decking, New Impact Windows & Doors, Brand New repaving-restriping, & New Paining. Located right off of St. Road-84, the property is centrally located with immediate access to Port Everglades, Ft. Lauderdale International Airport, I-595, I-95, & the Florida Turnpike. All easy approaches to the prime location.
Location
State FL
County Broward
Area 3500
Zoning RM-15
Interior
Interior Features InteriorFeatures
Flooring Concrete
Fireplace No
Exterior
Water Access Desc Public
Road Frontage City Street
Building
Lot Description Corner Lot
Dwelling Type Office,Warehouse
Story 1
Sewer Public Sewer
Water Public
Others
Tax ID 504215015580
Security Features Security Fence,Security Lights
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11960453
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Listed by Richard J Bonvie Bonvie Realty
NEARBY SCHOOL & BUSINESS
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