4,080 ft²Retail$1,650,000Sale
4,080 ft²
Retail
$1,650,000
Sale
Brian C. Baker
The Katsias Company
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 already in place. Renderings available for qualified prospects. Currently rented to 4 retail tenants who are on month to month leases and paying below market rent. End Parcel lot 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 FINANCE WILL BE CONSIDERED.
The Space
Asking Price$1,650,000
Available Space4,080 ft²
Net Operating Income$66600
Property UseRetail
SourceDirect
The Building - West Dixie Highway Retail Center
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 already in place. Renderings available for qualified prospects. Currently rented to 4 retail tenants who are on month to month leases and paying below market rent. End Parcel lot 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.
Property TypeRetail
Floors1
Building Size4,080 ft²
Lot Size13,802 ft²