USD 1,350,000

16460 NE 16th Ave
North Miami Beach, Florida 33162

For Sale

Property Description

This Corner strip center is off a high traffic street and is comprised of 5 units with great visibility. First time on the market in 25 years. Less than a half a mile from super Walmart and close to the beaches and Aventura. Neighborhood re-gentrifying with 1k new units under construction. Possible upside potential includes adding a second story and an opportunity for rent increases. Across the street from amphitheater and newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 30-year inspection. New a/c units in 4 units. Long term tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, and a nail salon. Owner is the property manager and is retiring.

Listed by One Sotheby's International Realty

Property Details

ID #
A10655656
Status
Sale
Type
Commercial, Industrial, Retail
Zip Code
33162
Building Area
4,520ft2
Year Built
1969
Parking Spaces
16
Building Feature
Air Conditioning
Water Source
City/mains water
Septic
City sewer
Ceiling
Acoustical
Construction
Concrete Block Construction
Electric Service
110 Volts Power, 220 Volts Power, Separate Meters
Floor
Concrete Floors, Tile Floors
Lease Term
1 To 3 Year Lease, 4 To 6 Year Lease, Annual Lease
Location
Corner Lot, Corner Unit, In Residential Area
Miscellaneous
Exterior Lighting
Occupancy
Tenant Occupied
Parking
Common Parking, Handicap Parking, Loading Spaces
Road Frontage
City Road
Roof
Concrete Roof
Type of Building
Free Standing, Strip Store
Utilities
Internet
Zoning Information
6400

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