6400 & 6402 Pembroke Road, Miramar, FL 33023

Listing Snapshot

Price

$1,199,000

Days on Site

469 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

4,821 sqft

Lot Size

0.32 Acres

Year Built

1956

Property Type

Commercial

MLS #

A11749645

Property Tax

$16,862

County

Broward

Status

Under Contract

About This Property

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.

General Features

Property Type

Commercial

Status

Under Contract

Year Built

1956

Lot Size (Acres)

0.32

Total Sq Ft

4,821

Structure Type

Retail

Zoning

ML

Community & HOA

Financing Terms

Cash / Conventional

MLS Area

3190