USD 1,488,000

909 N Miami Beach Blvd
North Miami Beach, Florida 33162

For Sale

Property Description

Proforma 7.5% Cap rate value. Add Portfolio of six (6) office condominiums located directly on NE 167 Street, between I95 & Aventura in North Miami Beach. Three of the six units are currently leased, providing a base cash flow while giving the astute investor the opportunity to create strong cash flow by renting the remaining units. Unit sizes range from 1,047 SF - 3,278 SF. Several units are already set up as medical offices complete with exam rooms and sinks. Units may be purchased individually. The building has undergone a complete renovation including new elevator, new hurricane impact windows & doors, new lobby, hallways, floors, lighting and other capital improvements. This well-located office building in North Miami Beach, only 5 minutes from Aventura, offers tremendous visibility.

Listed by RE/MAX Advance Realty

Property Details

ID #
A11117301
Status
Sale
Type
Commercial, Industrial, Office
Zip Code
33162
Year Built
1970
Building Feature
Air Conditioning, Elevator, Lobby
Water Source
City/mains water
Septic
City sewer
Parking
Covered parking, Common Parking
Ceiling
Acoustical
Construction
Concrete Block Construction
Lease Term
1 To 3 Year Lease
Location
Central Business District, City Location
Occupancy
Call Listing Agent
Road Type
Four Lane
Security
Security Lighting
Storm Protection
Clear Impact Glass
Type of Building
Condominium, Professional
Utilities
Internet
Zoning Information
6400
Miscellaneous
Automobile Traffic, Heavy Traffic, Inside Corridors, Manager On Premises, Private Restrooms

Similar Listings