Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Retail
- Status: Active
- Bathrooms: 0
- Year built: 1995
- MLS ID: A11447374
Description
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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
- Virtual Tour URL: www.FloridaCommercialteam.com
Ask our real estate expert about this property
This Retail-type commercial real estate is located in 20th St, Miami, was built in 1995, and is listed at $5,595,000.