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Est. payment /mo
Active
17325 NW 27th AVE Miami Gardens, FL 33056
21,387 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,387 sqft
MLS Listing ID A11822575
Construction Status Resale
HOA Y/N No
Year Built 1989
Annual Tax Amount $53,548
Lot Size 0.900 Acres
Acres 0.9
Property Sub-Type Mixed Use
Property Description
INVESTMENT HIGHLIGHTS: All triple net leases, Cap rate 7.03%, 100 Occupied. Building Size 24,964 sq ft, Lot Size 39,204 sq ft, Year Built 1989, First Time On Market in Over 20 Years, Recently Re-Roofed, New LED lighting, New surveillance cameras throughout the property, New, LED monument sign, 85 parking spaces, 1 elevator, 2 staircases. Strong and stable cash flow for potential investors. Upside potential by leasing the remaining unit plus adjusting rents through multiple short-term leases. Triple net leases. annual escalations providing strong rent growth for a potential buyer. The investment presents a unique opportunity to own a mixed-use building with small spaces that can easily be rented out to in a rapidly growing neighborhood. The property is located on an excellent location near the Miami Dade and Broward County lineLocated on 27th Avenue corridor 1.6 miles to Hard Rock Stadium; a world class hub for major sporting and entertainment events, including Miami Dolphins games, Miami Hurricane football, major concerts, Formula 1 racing and the Miami Open Tennis tournament. Less than a mile north of the Palmetto Expressway (SR 826) and about 2 miles south of the Florida Turnpike.43,500 vehicles per day on 27th AvenueDense population, in excess of 655,000 within 5-mile radius
Location
State FL
County Miami-dade
Community Shopping
Area 2210
Region Miami Gardens
City Region Miami Gardens
Interior
Fireplace No
Exterior
Parking Features Common, Free Parking
Community Features Shopping
Road Frontage City Street
Total Parking Spaces 85
Building
Lot Description City Lot
Dwelling Type Office,Retail
Story 2
New Construction No
Construction Status Resale
Others
Pets Allowed No
Tax ID 3421100111390
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11822575
Listed by Maydelin Castillo Florez Castillo & Associates Real Estate, Inc
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