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$21,000,000
Est. payment /mo
19,082 SqFt
UPDATED:
09/30/2024 09:41 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 19,082 sqft
Price per Sqft $1,100
MLS Listing ID A11572479
Style Detached
HOA Y/N No
Year Built 1969
Annual Tax Amount $64,342
Lot Size 0.865 Acres
Property Description
Commonwealth Commons a 19,167 square foot iconic premier office building.
The Property consists of an 96% occupied, three-story, multi-tenant office building. The surrounding Coral Ridge area is home to a number of executives who reside in waterfront neighborhoods where housing prices typically range from $2M to over $15M
The offering provides a unique opportunity for an investor to acquire a well located, cash flowing office building, either taking over the operation of the executive suite business or retain the current operator. Additional potential future upside could be captured through spinning off the additional development of condo building.
Great redevelopment potential
The Property consists of an 96% occupied, three-story, multi-tenant office building. The surrounding Coral Ridge area is home to a number of executives who reside in waterfront neighborhoods where housing prices typically range from $2M to over $15M
The offering provides a unique opportunity for an investor to acquire a well located, cash flowing office building, either taking over the operation of the executive suite business or retain the current operator. Additional potential future upside could be captured through spinning off the additional development of condo building.
Great redevelopment potential
Location
State FL
County Broward
Area 3250
Building
Architectural Style Detached
Others
HOA Name Vera Manage
Tax ID 494224030530
Acceptable Financing Cash, Conventional, Cryptocurrency
Listing Terms Cash, Conventional, Cryptocurrency
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Listed by Vera Realty LLC