5716 Hallandale Beach Blvd, West Park, FL, Florida 33023. This freestanding retail building consists of 2,624 square feet of leasable space well situated on a large 11,126 square foot lot. The physical building is very well maintained and located on a major artery of Hallandale Beach Blvd. This property is currently vacant and can work for an owner­user or investor. Included in this offering are recent lease comparables confirming the average leasing rates average $22 a square foot net. When leased and stabilized, this property will net $57,728 per year. This income will provide an investor with a strong 11% capitalization rate at a full asking price.
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Listing courtesy of RE/MAX 5 Star Realty