Property is currently leased through 10/24/2023collecting an Annual Rent of $273k. Property upgrades to include Impact Windows and Doors, Freshly Painted Exterior and 3 new HVAC systems. Property is completely gated with an electronic gate. 7090 SW 59th Pl Miami, FL, a 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 60-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. The Kendall retail submarket is growing, with a strong surge in retail rents within the last year growing by over 10% year over year. The demand for multi-family and mixed-use properties is growing within the market with apartment rents soaring by 16% over the past year, falling vacancy rates and a lower number of under construction units will keep the demand for more multi-family strong.