$1,650,000
Asking Price
Address: North Miami,
Locations Available: North Miami: FL
Status: Active
Posting ID: 285298
2/22/24
Details
Asking Price: $1,650,000
Land Area 4,080 Sq.Ft
Zoning: Commercial / Residential. Live Local Act.
Building Info
Building Size: N/A
Typical Floor Size N/A
Building Height: N/A
Building Type: N/A
Parking: N/A
Year Built: N/A
Year Renovated: N/A
Description
This is a rare opportunity to purchase a free-standing subdivided retail building on one of the most heavily traveled areas of North East Dade, Miami. Falling under multiple overlays the site allows for an increased density of 100 dwelling unit to the acre, allowing for a max of 32 units on this site. Approval and plans are already in place. Renderings available for qualified prospects.
It is currently rented to 4 retail tenants who are on month to month leases and paying below market rent. The end parcel lot is currently vacant. This property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals in the meantime as the neighborhood continues to grow and thrive.
Seller financing will be considered.
This would be perfect for redevelopment. There has been approval for affordable housing which is in high demand and short supply in Miami. Convenient to shopping, highways, major points.
To get more information about this Shopping Plaza - Strip Center, 32 Unit Max business for sale in North Miami please phone Brian Zoberg (Broker) at 305-301-2443 and 305-301-2443 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285298 on BizBen.com. In addition to phoning Brian Zoberg, make sure you email Brian Zoberg above to get more info about this Shopping Plaza - Strip Center, 32 Unit Max, to ask any questions or request an appointment to see this business for sale. Thank you.
Contact
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