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
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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
