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$5,900,000
The property consists of two buildings - a two story shopping center and a one story food market. the shopping center has 9 units between 650-850 square feet, allowing for optimal per foot rental numbers. the food market is renovated and equipped with a hood, grease trap and walk in cooler. the property has below market leases. a number of the leases are expired with a few more expiration dates on the horizon and demolition/renovation clauses in every lease. this offers significant upside for a buyer. the property, zoned t6-8-o, is an ideal buy and hold for someone looking to raise rents and cash in on the appreciation of the area before developing. a buyer can also elect to tear down the buildings and develop in the more immediate future.Commercial - for Sale
375 NE 54TH ST, MIAMI, FL 33137
Asking Price$5,900,000 Change Price$600,000
Share by:
- Lot size 19440sqft
- Taxes $19,109
-
Days on market:
34 day(s) Original Price:
$6,500,000Tax Legal Description:
NAPOLEON PLACE PB 134-62 LOT 1 LOT SIZE 120 X 81 OR 19472-3587 1200 4Tax Year:
2022-
MLS:
A11464762 -
Property Type:
Commercial -
Waterfrontage (sqft):
234
Lot Features:
City Location Shopping Center Urban Area Development Corner Lot Less Than 1 Acre
Description
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