Bought with Serhant
$950,000
$950,000
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1325 N Federal HWY Delray Beach, FL 33483
3 Baths
1,786 SqFt
Key Details
Sold Price $950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,786 sqft
Price per Sqft $531
Subdivision La Hacienda Delray
MLS Listing ID RX-10187024
Sold Date 11/30/16
Year Built 1969
Annual Tax Amount $9,608
Tax Year 2015
Lot Size 0.410 Acres
Property Description
Price includes Property and 4COP Liquor License ($100,000 value.)Great Local Tenant with proven track record and sales. This bar has been established for over 40 years! Loyal clientele that is here to stay.10 year lease in place with 3% yearly increases to the base rent. Rent - $6,000/month NNNYearly Gross Income - $72,000/yearAdjusted CAP Rate - 8.5%
Location
State FL
County Palm Beach
Area 4360
Zoning GC
Interior
Heating Central
Cooling Central Building
Flooring Carpet
Fireplaces Type Smoke Alarm
Exterior
Utilities Available Municipal Water
Roof Type Comp Shingle
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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