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$ 8,000,000
Est. payment | /mo
21,387 SqFt
$ 8,000,000
Est. payment | /mo
21,387 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 21,387 sqft
Price per Sqft $374
MLS Listing ID A11689570
Construction Status Resale
HOA Y/N No
Year Built 1989
Annual Tax Amount $53,548
Lot Size 0.900 Acres
Property Description
INVESTMENT HIGHLIGHTS:
Building Size 24,964 sq ft,
Lot Size 39,204 sq ft,
Year Built 1989,
97% occupied,
First Time On Market in Over 20 Years,
Recently Re-Roofed,
New LED lighting,
New surveillance cameras throughout the property,
New, LED monument sign,
85 parking spaces,
1 elevator, 2 staircases.
Strong and stable cash flow for potential investors.
Upside potential by leasing the remaining unit plus adjusting rents through multiple short-term leases.
Triple net leases .
5% annual rent increases providing strong rent growth for a potential buyer.
The investment presents a unique opportunity to own a mixed-use building with small spaces that can easily be rented out to in a rapidly growing neighborhood.
Building Size 24,964 sq ft,
Lot Size 39,204 sq ft,
Year Built 1989,
97% occupied,
First Time On Market in Over 20 Years,
Recently Re-Roofed,
New LED lighting,
New surveillance cameras throughout the property,
New, LED monument sign,
85 parking spaces,
1 elevator, 2 staircases.
Strong and stable cash flow for potential investors.
Upside potential by leasing the remaining unit plus adjusting rents through multiple short-term leases.
Triple net leases .
5% annual rent increases providing strong rent growth for a potential buyer.
The investment presents a unique opportunity to own a mixed-use building with small spaces that can easily be rented out to in a rapidly growing neighborhood.
Location
State FL
County Miami-dade
Area 21
Exterior
Total Parking Spaces 85
Building
Story 2
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 34-21-10-011-1390
Ownership Limited Partnership
Listed by Castillo & Associates Real Estate, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
9160 Forum Corporate Pkwy, Ste 350, Myers, FL, 33905, United States