Bought with Coastal Commercial Group, LLC
$230,000
$240,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1,066 SqFt
SOLD DATE : 07/02/2021
Key Details
Sold Price $230,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 1,066 sqft
Price per Sqft $215
Subdivision Colonial Center Condo
MLS Listing ID RX-10643413
Sold Date 07/02/21
Construction Status Resale
Abv Grd Liv Area 11
Year Built 1982
Annual Tax Amount $4,352
Tax Year 2019
Property Description
GREAT INVESTMENT TENANT IN PLACE. 1066 square foot office condo generating NOI of $19,448, a cap rate of 8.1%. Proforma cap rate reflecting post sale property tax is 7.54%. Great desirable location building backs onto the intracoastal. Call LA for showing.
Location
State FL
County Palm Beach
Area 4120
Zoning C1(cit
Interior
Heating Other
Cooling Other
Flooring Other
Fireplaces Type None
Exterior
Community Features Presently Leased
Utilities Available Other
Waterfront Yes
Waterfront Description Intracoastal
Roof Type Barrel
Present Use Presently Leased
Building
Story 100.00
Construction Status Resale
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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