2205 NW 20th St, Miami, FL

$5,595,000

Price

8,546 sqft

Building Size

1995

Year Built

Gallery
Street
Map
Overview
Building Size
8,546 sqft
Year Built
1995
Floors
1
Parking Spots
17
Description

This is an ideal Owner/User, Free Standing, Fully Renovated retail building w/advertising pylon, on a hard corner (with traffic light). The Property is under a Triple Net Lease that offers significant upside, with a 7% annual lease escalation. The Property is perfectly suited for an owner/user upon expiration of the lease. The Property consists of a 8,546 SF building on .37 acres (16,177 SF) w/17 parking spaces onsite. It offers Street Front Retail entrances, Street Level Roll-Up Doors & 2 Dock Height Doors for multiple users. It has 18 foot high ceilings in the enormous showroom. Investors can increase income by either extending the existing lease w/current tenant (lease has an annual 7% Increase) or replace w/a market rate tenant.

Highlights
  • Lot Features: Central Business District, City Location, Corner Lot
  • Building Features: Airport Access, City Licenses, County Licenses, Exterior Lighting, Heavy Traffic, Truck/Loading Dock
  • Number Of Buildings: 1
  • Documents Available: Aerial Photo(S), Photos, Rent Rolls, Existing Survey
  • Cooling: Central Building A/C
  • Heating: Central Building A/C
  • Electric: 110 Volts Power
  • Flooring: Concrete
  • Construction Materials: Other, Stucco
  • Parking Features: Common, Free Parking
  • Security Features: Smoke Detector(s), Security System
  • Buyer Agency Compensation: 2%
  • Ownership: Corporation
Location
Gallery