8163 NE 2nd Ave

Miami, FL, 33138

$7,750,000

$775 per ft²
$7,750,000
$775 per ft²
Active
Active
 - For Sale
carpenters-square
10,000 ft²
property_type
Commercial
calendar
Built 1947
10,000 SF of commercial property located in the upcoming Little River neighborhood. Situated on a beautiful corner lot of 17,000 SF zoned T6-8-0 with building rights of up to 14 floors. Property completely leased out at an average $38/SF NNN agreements with potential upside in rent prices up to $45/SF NNN. Proforma Net operating income (NOI) $374k a year (5% CAP). Diversified and dynamic mix of tenants including a bakery, office, medspa, gallery, fitness center, and retail. Property is within Opportunity Zone. Over $2.5Million equity in renovation and development invested in the project. Modern design with 24 ft ceilings, private garden, and adjacent parking lot with 19 spots. Near the Citadel food market, shops, galleries, and many new trendy restaurants.
MLS® ID:
A11153429
Listed:
1/30/22
Updated:
7/6/22

Exterior/Building Features

Lot Size
0.41 acres lot

Other Property Details

Taxes
$29745
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Miami-Dade County
Pool
No
Total Stories
2
Zoning
6100

Property History

Date
Event
Price
Value
5/13/22
Price Change
$7,750,000
103%

Courtesy of Coldwell Banker Realty

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Data last updated 5:03 PM UTC, 7/6/22.

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