Commercial/Residential Miami Loft

$263,000

8101 Biscayne Boulevard, Miami, FL 33138

For Sale

Mixed Use

Active

Last Updated: 12/28/2021

Details:

Cap Rate: 5.5%

Building Size: 822 sqft

Occupancy: 1%

Class: A

Lease Type: Double Net

Year Built: 2007

Price Per Sqft: $319.95

Zoning: Commercial

Floors: 7

CeilingHeight: 12

Restrooms: 1

Floor: 4th

HVAC: Yes

Number of Elevators: 2

Freight Elevator: Yes

Gross Leaseable Area: 822

Year Last Renovated: 2007

Lease Expire Year: 08/15/2019

Investment Strategy: Opportunistic

Offered by Broker

Troy Fabien

Commercial Broker at Miami Assets Realty

Miami Assets Realty

#3225225

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Highlights:

Rental income of $1,650 per month
Prior tenant was a marketing and PR firm
Assigned parking space in outdoor garage available
Walking distance to restaurants

Description:

Own a piece of the hottest urban industrial style loft living on Miami's trendy Upper Eastside. Floor to ceiling windows with concrete polished floors and open floor plan. Beautiful kitchen with stainless stain appliances. This is a live or work space. Unit can be used as an art studio, office space, or other commercial uses as well. This gem on Biscayne Blvd. is centrally located and minutes from I-95 and is minutes away from Mimo, Midtown, Miami Beach and Downtown Miami. With amenities such as a spa/hotub, recreation and exercise room, assigned parking space, this opportunity won't last. This investment currently collects $1,650 monthly with a new 1 year lease tenant. Priced lowest in the building-priced to sell. Seller willing to contribute towards closing cost for the right buyer.