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1100 NE 125th Street, Miami, FL

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1100 NE 125th Street

Miami, FL 33161-5044 - Northeast Dade Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1960
Stories:2 Typical Floor:- Building Size:12,616 SF
For Sale Price:$3,300,000 Price/SF:$261.57
Cap Rate:5.32 %
Parking:50 Surface spaces are available; Ratio of 4.4/1,000 SF Amenities:Bus Line



Sale Notes:
JUNE 2016 THE CITY OF NORTH MIAMI ADOPTED NEW ZONING. THE ACRE + LOT IS WITHIN AN AREA APPROVED FOR MIXED USE ZONING (RESIDENTIAL AND COMMERCIAL). THE HEIGHT ALLOWS 110' WITH AN ADDITIONAL 40' BONUS AND 100 RESIDENTIAL UNITS. BUILD A 10 STORY 100 UNIT RESIDENTIAL BUILDING ON TOP OF RETAIL STORES. THE EXISTING 2 STORY BUILDING IS 92% OCCUPIED. RENTS HAVE NOT BEEN INCREASED IN YEARS. ALL QUALIFIED OFFERS WILL BE PRESENTED.

IN "NOMI" NORTH MIAMI. THE CITY OF NORTH MIAMI IS IN THE PROCESS OF GENTRIFICATION. 3 BLOCKS EAST OF THE MUSEUM OF CONTEMPORARY ART NORTH MIAMI AND NORTH MIAMI CITY HALL. 125TH STREET IS A HIGH TRAFFIC CORRIDOR CONNECTING BAL HARBOR AND BISCAYNE BLVD WITH I95. CONVENIENTLY LOCATED APPROX. 15-20 MIN FROM MOST DESTINATIONS INCLUDING FT. LAUDERDALE AIRPORT, SOUTH BEACH, AVENTURA, BAL HARBOR, DOWNTOWN MIAMI AND MIAMI AIRPORT.


The Keyes Company
Adam Ross
(786) 390-4080




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