John DeMarco with Re/Max 5 Star Realty is pleased to present the sale 5050 Peters Road Plantation FL.
This is a once in a lifetime opportunity to acquire 9.08 acres of land in desirable East Plantation Florida. 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. There is an FPL easement with above ground
power lines that span the length of the property. These lines could potentially be buried for the right development
project.
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. New
ownership could also add additional cell towers or billboards as site is visible from the Florida turnpike. Excellent
opportunity to invest in the thriving nursery business, hold 9.08 acres for long term land appreciation, or redevelop this site. It would be a great location for a multifamily development project as well.
