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$5,749,000
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.Retail - for Sale
2205 NW 20TH ST, MIAMI, FL 33142
Asking Price$5,749,000
Share by:
- Lot size 16177sqft
- Taxes $28,762
- Year Built 1995
-
Days on market:
10 day(s) Original Price:
$5,749,000Tax 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 09Tax Year:
2022-
MLS:
A11447374 -
Property Type:
Retail -
Parking:
Free ParkingHandicap ParkingCommon -
Inclusions:
Building & Land
Construction Type:
Other StuccoRoof:
ConcreteCooling Description:
Central Building A/CHeating Description:
Central Building A/CFloor Description:
ConcreteSpecial Listing Conditions:
SaleLot Features:
Central Business District City Location Corner Lot
