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$ 1,600,000
Est. payment | /mo
2,197 SqFt
$ 1,600,000
Est. payment | /mo
2,197 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,197 sqft
Price per Sqft $728
MLS Listing ID A11833633
Style Detached
HOA Y/N No
Year Built 1957
Annual Tax Amount $15,325
Lot Size 6,000 Sqft
Property Sub-Type Retail
Property Description
Located in the heart of Miami's Flagami neighborhood on bustling SW 8th Street (Calle Ocho), this fully renovated 4-bay retail building offers an ideal opportunity for investors or owner-users alike. The ±2,176 SF building sits on a highly visible corner with over 10 on-site parking spaces and excellent frontage on one of the city's most traveled corridors.
Three of the four retail bays are leased on a month-to-month basis, currently generating $8,000/month. The flexible lease structure provides a value-add opportunity for investors or a chance for an owner-operator to occupy a portion or all of the building. With a proforma gross annual income of $144,000, the asset offers strong upside potential in one of Miami's most dynamic retail corridors.
Three of the four retail bays are leased on a month-to-month basis, currently generating $8,000/month. The flexible lease structure provides a value-add opportunity for investors or a chance for an owner-operator to occupy a portion or all of the building. With a proforma gross annual income of $144,000, the asset offers strong upside potential in one of Miami's most dynamic retail corridors.
Location
State FL
County Miami-dade
Area 40
Exterior
Private Pool Yes
Building
Architectural Style Detached
Others
Tax ID 01-40-01-005-6480
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11833633
Listed by Compass Florida, LLC.
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