3056 State Road 7Miramar, FL 33023

Property Details for 3056 State Road 7

Year built

1974

Property type

Specialty properties

Property subtype

Churches & religious facilities

Description

Exceptional investment opportunity in Miramar, Florida, featuring a mixed-use property currently operating as a church. This stabilized investment boasts a strong 8.98% cap rate and a substantial net operating income (NOI) of $24,691 annually. The property is ideally situated on South State Road 7/441, providing excellent visibility and convenient access to major transportation arteries, including the Florida Turnpike and I-95. Currently leased at $2,500 per month on a gross lease with rent bumps, the three-year lease commenced September 1st, 2024, and expires September 1st, 2027, ensuring consistent cash flow. The property comprises two 764-square-foot units, which can be combined to create a larger 1,478-square-foot space. The building, constructed in 1974, offers ample parking with 50 spaces. Low condo association fees of $250 per month per unit cover water, garbage, and common area maintenance. The Transit Oriented Corridor (TOC) zoning allows for a wide range of commercial uses, including but not limited to churches, bars, nightclubs, restaurants, retail stores, and medical/dental offices. This presents a unique opportunity for both individual unit sales and a substantial overall investment. The asking price is $275,000. Showings are by appointment only.

Location Insight

City

Miramar

County

Broward

State

Florida

Latitude

25.9831

Longitude

-80.2077

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