516 NW 57th Ave - Storefront Retail/Office FOR SALE


Miami, FL 33126- Flagami
$2,800,000 USD
786-597-2211
516 NW 57th Ave, Miami, FL for Sale
$2,800,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | 4.85% Cap Rate

516 NW 57th Ave
Miami, FL 33126
Flagami


HIGHLIGHTS

  • Lots of daily traffic
  • Solid building
  • Five minutes from MIA

OVERVIEW

This is a perfect opportunity for investors looking for a commercial property with great potential. The shopping center, strategically located in a high-traffic area and surrounded by popular establishments such as CVS, Pollo Tropical, and Wendy's, offers significant visibility and accessibility. The building is not only structurally sound, but it will successfully have passed the 40-Year Re-Certification at the moment of sale. It also boasts a versatile layout with 9 offices on the second floor and 5 storefronts, totaling 14 units. With a cap rate of approximately 4-5%, there is room to increase monthly rents, providing an attractive return on investment. Furthermore, its proximity to Miami International Airport, just five minutes away, enhances its appeal. This property presents a remarkable chance for investors to hold and watch its value appreciate.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$530 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

General Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,762 SF

ZONING

R-3

APN/PARCEL ID

01-4001-003-3021

ASK ABOUT THIS PROPERTY

Lady SjostromFlorida Realty of MiamiMore Info
786-597-2211

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Lady SjostromFlorida Realty of MiamiMore Info
786-597-2211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.