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DESCRIPTION
The property consists of two buildings - a two story shopping center and a one story food market. The shopping center has 9 units between 650-850 square feet, allowing for optimal per foot rental numbers. The food market is renovated and equipped with a hood, grease trap and walk in cooler. The property has below market leases. A number of the leases are expired with a few more expiration dates on the horizon and demolition/renovation clauses in every lease. This offers significant upside for a buyer. The property, zoned T6-8-O, is an ideal buy and hold for someone looking to raise rents and cash in on the appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future.,
, NAPOLEON PLACE PB 134-62 LOT 1 LOT SIZE 120 X 81 OR 19472-3587 1200 4
FEATURES- Additional Parcels Yes
- Building Area Units Square Feet
- City Miami
- Contract Status Change Date 2023-10-05 00:00:00
- County Or Parish Miami-Dade County
- Days On Market 34
- Expiration Date 2024-04-04 00:00:00
- Frontage Length 234
- Latitude 26
- List A O R A-Miami Association of REALTORS
- List Price 5900000
- Living Area Units Square Feet
- Longitude -80
- Lot Size Dimensions 234x80
- Lot Size Square Feet 19440
- Lot Size Units Square Feet
- Major Change Type Price Decrease
- Mls Status Active
- On Market Date 2023-10-05 00:00:00
- Original List Price 6500000
- Originating System Name miamire
- Parcel Number 01-32-18-061-0010
- Postal Code 33137
- Postal Code Plus4 2967
- Previous List Price 6500000
- Property Type Commercial Land
- Public Survey Range 32
- Public Survey Section 18
- Public Survey Township 32
- Sewer Other
- Showing Contact Type Agent
- Showing Instructions Call Listing Agent
- Standard Status Active
- State Or Province FL
- Tax Legal Description NAPOLEON PLACE PB 134-62 LOT 1 LOT SIZE 120 X 81 OR 19472-3587 1200 4
- Tax Year 2022
- Unparsed Address
375 NE 54th St
Miami FL 33137 - Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/mia/A11464762
- Zoning 6100
Zulma Hernandez
LISTING AGENT
Listing Provided by:
Alexandros Tsoulfas
STL Advisors, LLC
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
