Current Use by Public Records
- Warehouses
Property Details for 2401 State Road 7
- Year built
- 1969
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This 496 square foot warehouse, located at 2401 S State Rd 7 in West Park, Florida (zip code 33023), presents a compelling investment opportunity. Situated on a sizable 17,739 square foot lot, the property boasts a B-3 Intense Commercial Business District zoning designation. Built in 1969, the building currently houses a month-to-month tenant operating a licensed car dealership, paying $8,000 per month in gross rent—significantly below market value. The asking price is $2,100,000, translating to a price per square foot of $4,233.87. The lease expires on May 31, 2022, offering immediate occupancy for an owner-user seeking to relocate their business. The property includes a small 495 square foot sales office, adding to its versatility. This presents a unique chance to acquire a well-located property in a thriving commercial area, with the potential for substantial rental income or immediate owner-occupancy. The property's location in Broward County, Florida, offers excellent access to major transportation routes and a strong local economy. This is a rare opportunity to acquire a high-return warehouse in a prime location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Park
- County
- Broward
- State
- Florida
- Longitude
- -80.2061
- Latitude
- 25.9889
