• $7,750,000
8163 2nd Ave, Miami, FL 33138

Commercial Sale

(8163 2nd Ave, Miami, FL 33138)
  • $7750000

Overview

Property ID: 00c6a805f86ade617c75e1b7ee8ffc1f
  • Commercial Sale ()
  • Property Type
  • --
  • Bedrooms
  • --
  • Bathrooms
  • --
  • Garage
  • --
  • Sq Ft
  • 1947
  • Year Built

Description

10,000 SF of commercial property located in the upcoming Little River neighborhood. Situated on a beautiful corner lot of 17,000 SF zoned T6-8-0 with building rights of up to 14 floors. Property completely leased out at an average $38/SF NNN agreements with potential upside in rent prices up to $45/SF NNN. Proforma Net operating income (NOI) $374k a year (5% CAP). Diversified and dynamic mix of tenants including a bakery, office, medspa, gallery, fitness center, and retail. Property is within Opportunity Zone. Over $2.5Million equity in renovation and development invested in the project. Modern design with 24 ft ceilings, private garden, and adjacent parking lot with 19 spots. Near the Citadel food market, shops, galleries, and many new trendy restaurants.

  • Address 8163 2nd Ave
  • City Miami
  • State/county FL
  • Zip/Postal Code 33138
  • Area Miami-Dade County
  • Country US

Details

Updated on 2022-01-31
  • Property ID: 00c6a805f86ade617c75e1b7ee8ffc1f
  • Price: $7750000
  • Property Size: -- Sq Ft
  • Bedrooms: --
  • Bathrooms: --
  • Garage: --
  • Garage Size: 200 SqFt
  • Year Built: 1947
  • Property Type: Commercial Sale ()
  • Property Status:

Additional details

  • Flooring:
  • Last remodel year: 1987
  • Amenities:
  • Exterior Features:

Interior Features

Appliances

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