765&771 NE 125th St - Storefront FOR SALE


North Miami, FL 33161
$1,650,000 USD
786-306-7259
765&771 NE 125th St, North Miami, FL for Sale
$1,650,000 USD
Storefront - FOR SALE
1/14
null | 5.07% Cap Rate

765&771 NE 125th St
North Miami, FL 33161


HIGHLIGHTS

  • Fully Occupied Retail Strip
  • Below Market Rents
  • Short-Term leases
  • C-3 Zoning Allowing Multiple Commercial Uses
  • Close Access to W. Dixie Hwy, I-95 & Biscayne Blvd

OVERVIEW

Marcus and Millichap is pleased to exclusively offer the sale of 765 & 771 NE 125th Street, North Miami, FL, 33161. The property consists of two inline retail buildings with a gross leasable area of 6,864 square feet and a combined lot size of 10,800 square feet. It has 6 individual units, which are currently fully occupied by 4 separate tenants. This property presents a unique opportunity for an investor to acquire a value-add opportunity in the heart of North Miami, with short term leases and below market rents. The fully occupied retail strip lies along the main corridor with 100 feet of frontage along NE 125th Street. It is located just off the intersection of West Dixie Highway & NE 125th Street with and average of 30,000 vehicles per, giving it great curb appeal and easy access to Biscayne Boulevard and I-95. The subject property is centrally located in North Miami servicing the community and surrounding neighborhoods. The surrounding area consists of an array of major national retailers and family housing, with nearby developments soon to follow.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

5.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C-3, North Miami

APN/PARCEL ID

06-2230-007-1010,06-2230-007-1030

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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