5931-5969 NW 2nd Ave - Freestanding FOR SALE


Miami, FL 33127- Little Haiti
$2,400,000 USD
305-972-7217
5931-5969 NW 2nd Ave, Miami, FL for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/15
null | Request Cap Rate

5931-5969 NW 2nd Ave
Miami, FL 33127
Little Haiti


HIGHLIGHTS

  • Value-add shopping center + Strategic location
  • Fully leased to tenants paying below market rates
  • One lease has 3 years remaining, the rest of the leases are month-to-month
  • 6 units, 4 tenants – Two tenants are occupying two units – All units are approx. 700 SF
  • If the units are all rented at $2500/month + NNN, the property would yield a 7% cap rate at asking price

OVERVIEW

Opportunity to purchase a shopping center in the heart of a rapidly emerging sub-section of Little Haiti. The property is currently rented below market on mostly month-month leases. If the units are all rented at $2500/month + NNN, the property would yield a 7.5% cap rate at asking price. The property is surrounded by highly successful retail businesses including Panther Coffee and Sur. It also has development rights for up to 5 stories and a variety of uses.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$540 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,474 SF

ZONING

T5-L

APN/PARCEL ID

01-3113-063-0420

ASK ABOUT THIS PROPERTY

Alexandros TsoulfasSTL CommercialMore Info
305-972-7217

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Alexandros TsoulfasSTL CommercialMore Info
305-972-7217

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