For Sale
$650,000

5826 23Rd StWest Park, FL 33023

1,164 SF Warehouse, 6,347 SF Lot

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 1,164 square foot warehouse situated on a substantial 6,347 square foot lot in the thriving West Park, Florida community. Located at 5826 SW 23rd St, this single-tenant property is offered at $650,000 with a compelling 6.00% cap rate. The warehouse, built in 1953, is currently configured as a well-maintained office space, providing immediate usability. Alternatively, the existing structure presents a solid foundation for renovation or redevelopment to suit a variety of commercial or industrial uses. The property's strategic location on a corner lot ensures excellent visibility and accessibility, making it an ideal choice for businesses seeking high traffic exposure. The property is zoned TOC (Transit Oriented Corridor), further enhancing its potential for diverse commercial applications. This NNN lease property offers a strong return on investment for discerning buyers seeking a well-located, versatile industrial asset in a rapidly growing area of Broward County, Florida, zip code 33023. The substantial lot size provides ample space for expansion or future development. This is a rare opportunity to acquire a well-positioned warehouse in a prime West Park location.

Highlights

  • 1,164 SF warehouse on a 6,347 SF lot in West Park, FL.
  • Offered at $650,000 with a 6.00% cap rate.
  • Built in 1953, currently configured as office space, suitable for renovation or redevelopment.
  • Corner lot with excellent visibility and accessibility in a TOC (Transit Oriented Corridor) zone.
  • NNN lease, strong ROI in a rapidly growing area of Broward County (33023).
  • Ample space for expansion.

Property Details for 5826 23Rd St

Property type
Warehouses, Industrial properties
Square Feet
1,164 SF
Year Built
1953

Location Insight

City
West Park
County
Broward
State
Florida
Latitude
25.989602
Longitude
-80.2041687
5826 23Rd St, West Park, Florida

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5826 23Rd St
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