Stand Alone Retail building in heart of downtown Miami, FL. Investor potential for proforma 6% cap rate once leased or new owner. Owner to vacate upon sale. The bonus is this may be a potential Downtown Miami Development Site. Potential to build up to 102 units as in a Transit Oriented Development (“TOD”) area by way of a Live Local/SB-102 Act submission. Zoned T6-80-O. Located close to the major new Luxury Developments, Flagler Street Pedestrian Promenade & a block to the Miami Ave Metro-station at SE/SW 1st Street. Minutes to Brickell City, Miami World Center, or Kaseya Centers; Arts & Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Daily shopping options: Whole Foods, Publix & Aldi. Site set amongst tourist destinations, office buildings, dining/nightlife spots, & attractions. Also, assemble for an additional $3.5 mm adjacent property 122 S. Miami Ave. Check out the full assemblage of up to 180 units under Live Local and the assemblage of 116 & 122 S Miami Ave: https://online.fliphtml5.com/yicis/laik/