$3,999,000
For Sale

116 S Miami Ave

Miami, FL 33130
Browse 14 photos
Type:Purchase
Structure:Retail
Zone:Commercial

Description

Stand Alone Retail building in downtown Miami, FL. Investor potential proforma 6% cap rate for new owner. Owner-occupied. Also, potential development Site. Build up to 102 units as in a Transit Oriented Development (“TOD”) area using the Live Local/SB-102 Act. Zoned T6-80-O. Close to Luxury Developments, Flagler Street Promenade & the Miami Ave Metro-station at SE/SW 1st Street. Minutes to Brickell City, Miami World Center, & Kaseya Centers; Arts & Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Shop at Whole Foods, Publix & Aldi. Set amongst tourist destinations, offices, & dining/nightlife & sports.

  • Property Details
      • Sewer InformationPublic Sanitation
      • CountyMiami-Dade County
      • MLS #A11704370
      • MLS #A11704370
      • Property TypePurchase
      • Cost3999000
      • Utility SourcePublic
      • Property SubtypeRetail
      • Year Built1901

Location

Luxe PropertiesReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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