For sale
Photo 1 of 21$840,000
Price reduced4404 Pembroke Rd, West Park FL 33021
MLS# A12081481
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About this property
CORNER LOT INVESTMENT - Free-standing 1,033 SF CBS retail on oversized 10,903 SF corner lot with ~150 FT of frontage on Pembroke Rd, zoned TOC2. Leased to established salon at $4,750/mo ($57,000 gross annually) - immediate income with flexibility for vacant delivery for owner-user.
2024 NOI $37,291 after taxes $8,086, insurance, etc. = 4.44% Cap Rate at asking price. TOC2 allows retail, office, restaurant, and mixed-use/multifamily up to 35 FT height per City of West Park - ideal for investor, owner-user, or future redevelopment. Features private office, 2 restrooms, central A/C, common/accessible parking, and security system. High-visibility State Rd location with direct access to I-95, FL Turnpike, and dense residential rooftops. Value-add land play with income in place.
Property details
- Property type
- Other
- Property taxes
- $8,086/yr
- Parking
- 8 spaces
- Status
- Price reduced
- MLS #
- A12081481
