The property currently resides in unincorporated Broward County’s jurisdiction which is a benefit for any investors seeking redevelopment or zoning changes. Subject property maintains an existing right of use agreement with Broward County for exclusive use of additional 5acre concurrent parcel. The property is currently used for landscaping trucks and equipment storage as well as nursery. There are about 40 monthtomonth tenants. The actual gross income is $188,880 and growing monthly. The seller projects to raise the income to over $232,080 by the end of the year. This income will provide an investor with a net return of $196,057 per year. This NOI will yield a strong 10% capitalization rate at a full asking price.
