USD 3,999,995

7090 SW 59th Pl
South Miami, Florida 33143

For Sale

Property Description

Property is currently leased through 10/24/2023- Annual Rent of $273k.Property upgrades to include Impact Windows and Doors, 3 new HVAC systems, Electric gate, paved and restriped parking lot & New landscaping. Free-standing retail building located on the corner of SW 59th Pl and SW 71st St, has proposed plans to demolish and develop an 8-story 56-unit residence with ground floor retail and office suites. The corner lot is situated directly across from the South Miami Metro Rail Station, with ideal proximity to the nearby retail shops, University of Miami, Sunset Place Shops, and other local retail and amenities. This existing retail improvement and the lot are located within an opportunity zone that aims to increase the development of mixed-use, retail, and multi-family properties.

Listed by Boschetti Realty Group, LLC.

Property Details

ID #
A11299782
Status
Sale
Type
Commercial, Industrial, Mixed use
Zip Code
33143
Year Built
1964
Parking Spaces
14
Building Feature
Smoke alarms
Ground Feature
Fenced, Gated community
Building Structure
Brick
Ceiling
Insulated
Construction
CBS Construction, Concrete Block Construction, Concrete Block With Brick
Electric Service
110 Volts Power
Floor
Concrete Floors, Vinyl Floors
Occupancy
Tenant Occupied
Parking
Common Parking
Road Type
Two Lane
Roof
Concrete Roof
Type of Building
Commercial/Residential Income
Utilities
Internet
Zoning Information
6801
Location
City Location, Corner Lot, Corner Unit, Out Parcel
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 3%, The offer of compensation is made only to participants of the MLS where the listing is filed.

Similar Listings