$1,953,000 USD
786-522-7000
HIGHLIGHTS
- Washington Avenue Net Leased Retail Condominium Market with Excellent Frontage and Recent Lease Renewal
- New Five Year Lease Term Includes 5% Annual Base Rental Increases
- Tenant has Occupied the Space Since 2017, Lease Requires Tenant to Reimburse for All Expenses
- The Subject Property is Ideally Located Next Door to Multiple Residential and Hotel Properties Providing Constant Daytime
- Located One Block North of World Famous Espanola Way Restaurant District and Just South of Courtyard By Marriot Hotel
- Rare Rectangular Configuration with the Long Side Facing Washington Avenue Offers Frontage of Over 50 Feet with Excellent Visibility and Signage
FOR SALE DETAILS
PRICE
$1,953,000 USD
PRICE/SF
$1,480 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Miami Beach NNN Market
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1924
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.19 AC
LAND SF
8,276 SF
ZONING
CD-2
APN/PARCEL ID
02-3234-006-0090
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786-522-7000
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786-522-7000
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