$4,850,000
Address not disclosed Miami, FL 33168
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$4,850,000
Est. payment /mo
11,133 SqFt
Active
Address not disclosed Miami, FL 33168
UPDATED:
09/30/2024 09:38 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,133 sqft
Price per Sqft $435
MLS Listing ID A11608337
HOA Y/N No
Year Built 1972
Annual Tax Amount $12,364
Tax Year 2023
Lot Size 0.256 Acres
Property Description
The property is a two-story office building located adjacent to I-95, which sees
approximately 240,000 cars daily. It is currently divided into thirty-three individual
salons, each ranging from 90 to just under 200 square feet. The second floor is
fully stabilized, while the first floor is in the lease-up stage. Once fully stabilized,
this property is projected to generate $500,000 in gross income annually.
Additionally, the site is prime for redevelopment, with the potential to expand up
to four stories.
approximately 240,000 cars daily. It is currently divided into thirty-three individual
salons, each ranging from 90 to just under 200 square feet. The second floor is
fully stabilized, while the first floor is in the lease-up stage. Once fully stabilized,
this property is projected to generate $500,000 in gross income annually.
Additionally, the site is prime for redevelopment, with the potential to expand up
to four stories.
Location
State FL
County Miami-dade
Area 21
Others
Tax ID 30-21-36-018-2560
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX 360 Real Estate
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