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The warehouse/office building consists of 1,820 square feet on a securely fenced 5,750 square foot lot. The property is zoned Liberal I-1 Industrial Distribution by the City of West Palm Beach, which allows for most industrial uses. The property is centrally located between North Australian Avenue and Florida State Road A1A, only 10 minutes from I-95. The tenant is currently month to month with no lease and is paying an under market rent. The property is grossing $15,900 per year, netting $13,589 per year. A new investor can re-tenant this property after closing to the conservative market rate of $13 a square foot net. The pro-forma NOI will provide an investor with a strong 6.57% capitalization rate at the full asking price of $325,000.

Listed by John DeMarco, RE/MAX 5 Star Realty

Property Details of 935 26th St

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on October 23, 2019

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