4,912 SqFt
4,912 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,912 sqft
Price per Sqft $742
MLS Listing ID A11917860
HOA Y/N No
Year Built 1988
Annual Tax Amount $16,469
Contingent Other
Lot Size 3,068 Sqft
Lot Dimensions 120
Property Sub-Type Retail
Property Description
Strategically positioned just minutes from Brickell, Downtown Miami, Coral Gables, Coconut Grove, and Miami International Airport, this location is highly attractive to businesses seeking central access and visibility. Recent capital improvements include a new roof (2016), impact windows (2022), and a newly installed grease trap (2022). The property has also passed its Re-Certification, offering added peace of mind.
With a real 6.4% Cap Rate and over $233,000 in annual net income, this asset delivers strong, consistent cash flow. Additionally, both tenants have annual 4.5% rent increases built into their leases, enhancing future returns. Whether you're a seasoned investor or looking to expand your Miami portfolio, this turnkey property combines location, stability, and long-term growth potential. Don't miss this rare opportunity in one of the city's most desirable commercial zones.
Location
State FL
County Miami-dade
Area 41
Interior
Flooring Concrete
Exterior
Roof Type Other
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 01-41-39-007-2780
Security Features Security System,Fenced,Other
Acceptable Financing Cash, Conventional, Cryptocurrency
Listing Terms Cash, Conventional, Cryptocurrency
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11917860
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "