201-203 SW 27th Avenue

    Fort Lauderdale, FL 33312
    • $1,160,000
    • STATUS: Closed
    • ON SITE: 180 days
    • MLS #: A10482498
    Sold - 09/14/2018
    $1,160,000
    SOLD - 09/14/2018
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    Midland Plaza is a 8,800 square foot retail strip center located at 201 & 203 SW27th Avenue in Fort Lauderdale Florida. The Property is located directly across fromthe newly-built Riverbend Marketplace, a 310,000 square foot Walmart anchoredretail center. This 100% leased strip center has 7 long term tenants in place. The sale represents a unique opportunity to realize an excellent current cap rate of 7.83% and will allow the buyer to capturesignificant upside by renovating the exterior and increasing rents. Parking lot repaved and restriped this month!

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    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-13T07:41:08.65.
    www.welovesouthflorida.com/homes/84676670

    201-203 SW 27th Avenue Fort Lauderdale, FL 33312

    • Price: $1,160,000
    • Status: Closed
    • Updated: 48 min ago
    • MLS #: A10482498
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    1968
    Built
    Neighborhood:
    3570
    County:
    Broward
    Area:
    3570
    Property Description
    Midland Plaza is a 8,800 square foot retail strip center located at 201 & 203 SW27th Avenue in Fort Lauderdale Florida. The Property is located directly across fromthe newly-built Riverbend Marketplace, a 310,000 square foot Walmart anchoredretail center. This 100% leased strip center has 7 long term tenants in place. The sale represents a unique opportunity to realize an excellent current cap rate of 7.83% and will allow the buyer to capturesignificant upside by renovating the exterior and increasing rents. Parking lot repaved and restriped this month!
    Exterior Features

    Construction Type Concrete Block ConstructionStucco Exterior ConstructionWood Siding Num Loading Doors 0 Num Parking Spaces 34 Parking Description Common ParkingHandicap Parking Road Type Description Three LaneDivided Roof Description Other Roof Waterfront Property Yn No

    Interior Features

    Cooling Description Central Individual A/CWall/Window Unit Cooling Floor Description Ceramic FloorTile Floors Heating Description Central ElectricWall/Window Units Interior Ceiling Height 10.0000 Maximum Ceiling Height 10.0000 Num Offices 5

    Property Features

    Approximate Lot Size .4371 Electric Service 220 Volts Power For Lease Yn No For Sale Yn Yes Information Available Aerial Photo(S)Financial StatementPhotosRent RollsSite PlansExisting Survey Intended Use Investment Lease Term Info 1 To 3 Year LeaseMonth To Month Lease Location Of Property City LocationCorner Lot Lot Frontage 240 Num Bays 7 Num Tenants 7 Ownership Self Proprietor/Individual Property Description 8800 Sf Retail Strip Center Reo YN No Sale Includes Building & LandFixturesLeases Sale Includes Incl Leases Sale Terms Cash Security Information Security Lighting Sewer Description Public Sanitation Short Sale Yn No Style Of Property Commercial Retail Tax Amount 18993 Tax Year 2017 Terms Considered All Cash Typeof Property Commercial Water Description Public Water Year Built Description Resale

    Listing courtesy of Meridian Commercial.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-13T07:41:08.65.
     
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