Commercial Real Estate

Zebur

305.6000958

11601 SW 216 St Miami FL 33170

216 St, Miami,
    $7,900,000
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    Basics

    • Lot Size Units: Square Feet
    • Building Name: GOULDS SHOPPING PLAZA, GOULDS SHOPPING PLAZA
    • Category:
    • Type:
    • Status:
    • Bathrooms: 0
    • Year built: 1985
    • MLS ID: A11573040

    Description

    • Description:

      Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.

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    Property details

    • Total Building Area: 24624
    • Number of Buildings: 2
    • Lot Size Square Feet: 117967
    • Parcel Number: 30-60-07-000-0250
    • Lot Size Area: 117967
    • Structure Type: Retail

    Property Features

    • Parking Features: Common
    • Construction Materials: Block
    • Cooling: Central Air
    • Cooling Y/N: 1
    • Covered Spaces: 0
    • Sewer: Public Sewer
    • Roof: Concrete
    • Waterfront Y/N: 0
    • Water Source: Public
    • Stories: 1

    Location Details

    • County Or Parish: Miami-Dade County
    • Directions: Florida Turnpike Exit 12 at Caribbean Blvd. and head South on US-1 to Signaled Intersection on SW 216th Street. The Shopping Center is on the East side of US-1.
    • Zoning Description: BU-1A

    Fees & Taxes

    • Tax Annual Amount: 68005
    • Tax Legal Description: 7 56 40 & 12 56 39 2.71 AC M/L SW1/4 OF SW1/4 OF SW1/4 OF SW1/4 LESS SR #5 & LESS S55FT & N25FT & SE1/4 OF SE1/4 OF SE1/4 LYG SELY SR #5 LES

    Miscellaneous

    • Public Survey Township: 30
    • Public Survey Section: 7
    • Syndication Remarks: Retail Strip Shopping Center with Outparcel National Restaurant Tenant for Sale on Signaled Intersection of US-1 and SW 216 Street, in Miami.
    • Operating Expense: 137651
    • Gross Income: 600252
    • Gross Scheduled Income: 475100
    • Net Operating Income: 460527

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    This -type commercial real estate is located in 216 St, Miami, was built in 1985, and is listed at $7,900,000.

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