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Special Purpose - for Sale

700 NW 79TH ST, MIAMI, FL 33150

Asking Price$1,700,000

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  • Lot size 9366sqft
  • Taxes $5,975
  • Year Built 1955
  • Days on market:

    65 day(s)
  • Original Price:

    $1,700,000
  • Tax Legal Description:

    STEPHENS MANOR PB 14-18 LOT 5 LESS E5FT BLK 1 LOT SIZE 9366 SQ FT OR 18867-0084 1199 1 COC 24991-3153 09 2006 5
  • Property Type:

    Special Purpose
  • Cooling Description:

    Central Building A/C
  • Floor Description:

    Parquet
  • Special Listing Conditions:

    Sale

Description

$1,700,000

Important hard corner on two major intersecting corridors in a major developing neighborhood, nw 79 st and nw 7 ave. both streets each individually have average daily traffic counts of 25,000. site totals 9,366sf of t5-o mixed use commercial land, with a 2,388sf building on it which currently has a nnn lease with a major check cashing store. current cap is nearly 6%,potential to generate $90k/year net and runs to 2025. adjacent 36k sf assemblage available for sale. sb102 zoning allows virtually unlimited density, and height up to 12 stories, with some conditions. tenant has expressed interest to stay at this location.

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