11601 SW 216 St Miami FL 33170 MLS #A11573040

11601 SW 216 St
Miami, FL, 33170
$7,900,000
Beds
0 Baths
24,624 SqFt
0 Acres
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Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church’s Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New “Southplace City Center” at Southland Mall. A full Offering Memorandum is available upon request.

Property Details

Price:
$7,900,000
MLS #:
A11573040
Status:
Active
Beds:
0
Baths:
0
Address:
11601 SW 216 St
Type:
Commercial
Subtype:
Retail
City:
Miami
Listed Date:
Apr 19, 2024
State:
FL
Finished Sq Ft:
24,624
ZIP:
33170
Year Built:
1985
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Interior

Cooling
Central Individual A/ C

Exterior

Parking Features
Common
Roof
Concrete

Financial

Buyer Agent Compensation
1.5%%
Net Operating Income
$460,527
Taxes
$68,005

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