USD 7,750,000

8163 NE 2nd Ave
Miami, Florida 33138

For Sale

Property Description

10,000 SF of commercial property located in the upcoming Little River neighborhood. Situated on a beautiful corner lot of 17,000 SF zoned T6-8-0 with building rights of up to 14 floors. Property completely leased out at an average $38/SF NNN agreements with potential upside in rent prices up to $45/SF NNN. Proforma Net operating income (NOI) $374k a year (5% CAP). Diversified and dynamic mix of tenants including a bakery, office, medspa, gallery, fitness center, and retail. Property is within Opportunity Zone. Over $2.5Million equity in renovation and development invested in the project. Modern design with 24 ft ceilings, private garden, and adjacent parking lot with 19 spots. Near the Citadel food market, shops, galleries, and many new trendy restaurants.

Listed by The Agency Florida LLC

Property Details

ID #
A11153429
Status
Sale
Type
Commercial, Industrial
Zip Code
33138
Year Built
1947
Occupancy
Call Listing Agent
Type of Building
Industrial
Utilities
Internet
Zoning Information
6100
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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