400 NW Avenue L
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400 NW Avenue L
3,066 SF Vacant Retail Building Belle Glade, FL 33430 £469,197 (£153/SF)
Investment Highlights
- Great exposure
- Multi-use property
- Heavy traffic
Executive Summary
Fantastic opportunity with owner financing available.
Redevelopment project.
Car wash with four handwash and one automatic bay. Currently car wash is not in use and instead property is utilized as a retail space for used cars as well as oil change and tire rotation.
Property is rented for yearly, and tenant pays for the first year $4,000 per the first 6 months and $4,500 per the second 6 months of the lease. If lease agreement is renewed it will include a 5% increase based on the previous year rental rate.
Additional uses are: Stores for retail trade; Filling stations; Business offices; Marina, bait and tackle sales; Off-street parking facilities; Motor vehicle sales only; Mobile home sales only; Motor vehicle repair services.
Redevelopment project.
Car wash with four handwash and one automatic bay. Currently car wash is not in use and instead property is utilized as a retail space for used cars as well as oil change and tire rotation.
Property is rented for yearly, and tenant pays for the first year $4,000 per the first 6 months and $4,500 per the second 6 months of the lease. If lease agreement is renewed it will include a 5% increase based on the previous year rental rate.
Additional uses are: Stores for retail trade; Filling stations; Business offices; Marina, bait and tackle sales; Off-street parking facilities; Motor vehicle sales only; Mobile home sales only; Motor vehicle repair services.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Building Size
3,066 SF
Building Class
B
Year Built/Renovated
2002/2016
Price
£469,197
Price Per SF
£153
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Lot Size
0.43 AC
Zoning
B2 - B-2 Restricted Business zoning
Parking
10 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
150 ft on NW Avenue L
Amenities
- 24 Hour Access
- Corner Lot
PROPERTY TAXES
| Parcel Number | 04-37-43-31-19-000-0910 | Total Assessment | £282,517 (2023) |
| Land Assessment | £28,310 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £270,885 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
04-37-43-31-19-000-0910
Land Assessment
£28,310 (2023)
Improvements Assessment
£270,885 (2023)
Total Assessment
£282,517 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2024
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400 NW Avenue L
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