Commercial Real Estate Property For Sale In North Miami Beach

16460 16th Ave North Miami Beach, FL 33162
 Directions

$2,150,000

  • 1969 Year Built
  • Feb 24, 2022 Listing Date

MLS #

:

A11165015

Price

:

$2,150,000

Status

:

Active

Listing Date

:

Feb 24, 2022

Square Footage

:

Not Available

County

:

Miami-Dade

Square Footage

:

Not Available

Year Built

:

1969

Taxes

:

$13,353 Per Year

Waterfront

:

No

Virtual Tour

:

click here to view virtual tour

 

Remarks

:

This Corner strip center is off a high traffic street & is comprised of 5 units with great visibility. First time on the market in 25 years! Less than half a mile from super Walmart & close to the beaches & Aventura. Neighborhood regentrifying w/ 1k new units under construction. Possible upside potential includes adding a second story & an opportunity for rent increases. Across the street from Ampitheater & newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 40-year inspection. New a/c in 3 units & the roof was reroof @ 90% in 2022. Tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, & nail salon. Owner is property manager & looking to retire. 16 parking spaces!

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