USD 2,150,000
16460 NE 16th Ave
North Miami Beach, Florida 33162
Property Description
This Corner strip center is off a high traffic street & is comprised of 5 units with great visibility. First time on the market in 25 years! Less than half a mile from super Walmart & close to the beaches & Aventura. Neighborhood regentrifying w/ 1k new units under construction. Possible upside potential includes adding a second story & an opportunity for rent increases. Across the street from Ampitheater & newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 40-year inspection. New a/c in 3 units & the roof was reroof @ 90% in 2022. Tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, & nail salon. Owner is property manager & looking to retire. 16 parking spaces!
Listed by One Sotheby's International Realty
Property Details
- ID #
- A11165015
- Status
- Sale
- Type
- Commercial, Industrial, Retail
- Zip Code
- 33162
- Year Built
- 1969
- Parking Spaces
- 16
- Building Feature
- Air Conditioning
- Water Source
- City/mains water
- Septic
- City sewer
- Ceiling
- Acoustical
- Construction
- Concrete Block Construction
- Electric Service
- 110 Volts Power, 220 Volts Power, Separate Meters
- Floor
- Concrete Floors, Tile Floors
- Lease Term
- 1 To 3 Year Lease, 4 To 6 Year Lease, Annual Lease
- Location
- Corner Lot, Corner Unit, In Residential Area
- Miscellaneous
- Exterior Lighting
- Occupancy
- Tenant Occupied
- Parking
- Common Parking, Handicap Parking, Loading Spaces
- Road Frontage
- City Road
- Roof
- Concrete Roof
- Type of Building
- Free Standing, Strip Store
- Utilities
- Internet
- Zoning Information
- 6400
