Commercial Real Estate

Basics

Description

  • Description:

    This is an ideal Owner/User, Free Standing, Fully Renovated retail building w/advertising pylon, on a hard corner (with traffic light). The Property is under a Triple Net Lease that offers significant upside, with a 7% annual lease escalation. The Property is perfectly suited for an owner/user upon expiration of the lease. The Property consists of a 8,546 SF building on .37 acres (16,177 SF) w/17 parking spaces onsite. It offers Street Front Retail entrances, Street Level Roll-Up Doors & 2 Dock Height Doors for multiple users. It has 18 foot high ceilings in the enormous showroom. Investors can increase income by either extending the existing lease w/current tenant (lease has an annual 7% Increase) or replace w/a market rate tenant.

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Property details

  • Total Building Area: 8546
  • Number of Buildings: 1
  • Lot Size Square Feet: 16177
  • Parcel Number: 01-31-27-046-1770
  • Possession: Closing & Funding
  • Lot Size Acres: 37
  • Road Frontage Type: City Street,Main Thoroughfare
  • Lot Size Area: 16177
  • Structure Type: Retail

Property Features

  • Parking Features: Common,Free Parking,Handicap
  • Security Features: Security System,Smoke Detector(s)
  • Architectural Style: Detached
  • Construction Materials: Block,Other,Stucco
  • Cooling: Central Air
  • Cooling Y/N: 1
  • Covered Spaces: 0
  • Electric: 110 Volts
  • Flooring: Concrete
  • Heating: Central
  • Parking Total: 17
  • Sewer: Public Sewer
  • Roof: Concrete
  • Waterfront Y/N: 0
  • Water Source: Public
  • Stories: 1

Location Details

  • County Or Parish: Miami-Dade County
  • Directions: Take sw 17 av. to NW 20 st. Turn West to address. Property is on the corner on the right hand side.
  • Zoning Description: 6100

Fees & Taxes

  • Tax Annual Amount: 28762
  • Tax Year: 2022
  • Tax Legal Description: DR BURKHARTS WINTER GDNS PB 5-22 LOTS 17 & 18 LESS S25FT ST & LOT 19 LESS S25FT & LESS R/W BLK 8 LOT SIZE 16177 SQUARE FEET OR 21609-3587 09

Miscellaneous

  • Public Survey Township: 1
  • Public Survey Section: 27
  • Syndication Remarks: Prime Allappatah 8,546 SF Retail building on a hard corner (traffic light) with tenant in place at below market rent.
  • Tenant Pays: Exterior Electric,Electricity,HVAC Maintenance,Sewer,Taxes,Water
  • Year Built Details: Resale

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This -type commercial real estate is located in 20th St, Miami, was built in 1995, and is listed at $5,595,000.

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