This is an ideal Owner/User, Free Standing, Fully Renovated retail building w/advertising pylon, on a hard corner (with traffic light). The Property is under a Triple Net Lease that offers significant upside, with a 7% annual lease escalation. The Property is perfectly suited for an owner/user upon expiration of the lease. The Property consists of a 8,546 SF building on .37 acres (16,177 SF) w/17 parking spaces onsite. It offers Street Front Retail entrances, Street Level Roll-Up Doors & 2 Dock Height Doors for multiple users. It has 18 foot high ceilings in the enormous showroom. Investors can increase income by either extending the existing lease w/current tenant (lease has an annual 7% Increase) or replace w/a market rate tenant.
Property Details
Price:
$5,595,000
MLS #:
A11447374
Status:
Active
Beds:
0
Baths:
0
Address:
2205 NW 20th St
Type:
Commercial
Subtype:
Retail
City:
Miami
Listed Date:
Sep 5, 2023
State:
FL
Finished Sq Ft:
8,546
ZIP:
33142
Lot Size:
16,177 sqft / 37.00 acres (approx)
Year Built:
1995
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Schools
Interior
Cooling
Central Building A/ C
Flooring
Concrete
Heating
Central Building A/ C
Exterior
Construction Materials
Other, Stucco
Parking Features
Common, Free Parking
Parking Spots
17
Roof
Concrete
Financial
Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$28,762
Map
Community
- Address2205 NW 20th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
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