Basics
- Category: CommercialSale
- Type: Retail
- Status: Active
- Bathrooms: 0
- Floors: 1
- Lot size: 117967, 117967 sq ft
- Year built: 1985
- County: Miami-Dade
- MLS ID: A11573040
Description
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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 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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Location
- 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.
Building Details
- Building Name: GOULDS SHOPPING PLAZA
- Structure Type: Retail
- Water Source: Public
- Sewer: PublicSewer
- Construction Materials: Block
- Covered Spaces: 0
- Levels: One
- Number Of Buildings: 2
Amenities & Features
- Parking Features: Common
- Roof: Concrete
- Cooling: CentralAir
Expenses, Fees & Taxes
- Operating Expense: $137,651
- Tax Annual Amount: $68,005
Miscellaneous
- List Office Name: Cruz Commercial Realty, LLC
- Listing Terms: Cash,Conventional,Other
Ask our real estate expert about this property
This Retail-type commercial real estate is located in 11601, 216 St, Miami, FL, 33170 was built in 1985, and is listed at $7,900,000.