MIMO/Shorecrest Retail Building with Parking Lot
Market Price
859-863 Northeast 79th Street, Miami, FL 33138
For Sale
Retail
Free Standing
Active
Last Updated: 05/28/2021
5.6
Cap Rate
140,000
NOI
Details:
Cap Rate: 5.6%
NOI: $140,000
Building Size: 5,600 sqft
Lot Area: 14,000 sqft
Lease Type: Triple Net
Zoning: T5
Parking Spots: 16
Highlights:
- Excellent Location
- High Visibility
- 40,000 cars a day roadway leading to/from Miami and Miami Beach
- In the heart of upcoming MIMO/Shorecrest area
- Surrounded by New Housing West and East of our building
- Considered the Most Densely Populated area of Miami.
Description:
Building vacated due to plans submitted to City for permits to subdivide the 3 spaces to create 4 spaces and develop the parking lot west of our building.
Documents:
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Parking Lot Plan
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Subdivision Plan
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Location
Gallery
