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Retail - Messina Building for Sale

116 S MIAMI AVE, MIAMI, FL 33130

Asking Price$3,000,000 Change Price$999,000

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  • Days on market:

    234 day(s)
  • Original Price:

    $4,500,000
  • Tax Legal Description:

    MIAMI NORTH PB B-41 S35FT OF LOTS 1 & 2 & N10FT OF LOT 24 & N10FT OF E48FT OF LOT 23 BLK 124 LOT SIZE 4480 SQ FT OR 26591-1576 0689 4
  • Property Type:

    Retail
  • Waterfrontage (sqft):

    45
  • Special Listing Conditions:

    Sale

Description

$3,000,000

Stand alone retail building in downtown miami, fl. investor potential proforma 6% cap rate for new owner. owner-occupied. also, potential development site. build up to 102 units as in a transit oriented development (“tod”) area using the live local/sb-102 act. zoned t6-80-o. close to luxury developments, flagler street promenade & the miami ave metro-station at se/sw 1st street. minutes to brickell city, miami world center, & kaseya centers; arts & entertainment district, bayfront park; or via miami central station connect to miami’s airport or brightline. shop at whole foods, publix & aldi. set amongst tourist destinations, offices, & dining/nightlife & sports.

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