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2589 S Park Lane, Pembroke Park, FL 33009 (MLS# A10701770)

2589 S Park Lane, Pembroke Park, FL 33009

$675,000
Property Type: Commercial Sale Square Footage: 5,000 Status: Closed
Current Price: $675,000 List Date: 7/04/2019 Last Modified: 6/13/2026

Overview

Description

The subject property consists of 5,000 SF of leasable space well situated on a 7,690 Sf lot. The building has a +/- 1000 SF office space, 2 drive-in roll-up street-level doors, and 16' ceilings. Property is located in close proximity to I-95. Liberal M-1 zoning permits most industrial uses. Perfect for an owner-user looking to relocate his business to one of the most rapidly growing markets in South Florida. This property can make a great investment as well. An investor can easily lease this property for a $14 a square foot. This rent will produce $55,750 per year in net income providing an over market capitalization rate of 7.8% on a pro- forma basis.Seller financing is available with 30% down payment at 7.5% annual interest rate, subject to buyer's qualifications.

Listing Details MLS# A10701770

General Property Information

Property Sub Type
Industrial
Occupant Type
Vacant
Building Area Main
5000
Adjusted Area Main
5000
Year Built
1968
Lot Size Area
7690
Lot Size Acres
0.18
Leasable Area
5000

Property Features

Structure Type: Industrial; Warehouse

Contract Information

Comp Sale YN
No
Original List Price
715000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
2589
Street Name
S Park
Street Suffix
Lane
City Name
Pembroke Park
State Or Province
FL
Postal Code
33009
Postal Code +4
3811
Area
3070
Geographic Area
HWCE - Hollywood Central (3070-3100)
Parcel Number
514229000056
Flood Zone
AH
Subdivision Number
0

Financial Information

Tax Annual Amount
8989
Tax Legal Description
29-51-42 S 50 OF N 325 OF W1/2 OF NW1/4 OF NE1/4 OF NE1/4 LESS W 181 DESC IN OR 3589/195 AKA:LOT 18,PEMBROKE PARK INDUSTRIAL CENTER (UNR

Status Change Information

Major Change Timestamp
2019-10-11T12:52:33Z
Major Change Type
Status Change
Status Change Date
2019-10-11
Under Contract Date
2019-09-01
Close Date
2019-10-11
Close Price
675000
Buyer Financing
Conventional

More Information

Buyer Details

Intended Use
Unknown/Withheld

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
0056

Originating Details

Originating System Key
325288708
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Structure Type

Industrial
Yes
Warehouse
Yes

Documents

Listing Office: RE/MAX 5 Star Realty
IDX
Last Updated: June - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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