375 NE 54th St, Miami FL 33137,Miami,Miami-Dade County,Commercial Land

  • $5,900,000
375 NE 54th St, Miami FL 33137
Commercial Land Active

375 NE 54th St, Miami FL 33137,Miami,Miami-Dade County,Commercial Land

375 NE 54th St, Miami FL 33137
  • $5,900,000

Overview

Property ID: A11464762
  • Commercial
  • Property Type

Description

The property consists of two buildings – a two story shopping center and a one story food market. The shopping center has 9 units between 650-850 square feet, allowing for optimal per foot rental numbers. The food market is renovated and equipped with a hood, grease trap and walk in cooler.
The property has below market leases. A number of the leases are expired with a few more expiration dates on the horizon and demolition/renovation clauses in every lease. This offers significant upside for a buyer.
The property, zoned T6-8-O, is an ideal buy and hold for someone looking to raise rents and cash in on the appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future.

  • Address 54th St
  • City Miami
  • State/county Miami-Dade County
  • Zip/Postal Code 33137

Details

Updated on November 8, 2023 at 6:16 pm
  • Property ID: A11464762
  • Price: $5,900,000
  • Land Area: 0.446 Square Feet
  • Property Type: Commercial
  • Property Status: Commercial Land

Additional details

  • StreetDirPrefix: NE
  • PublicSurveyRange: 32
  • TaxLegalDescription: NAPOLEON PLACE PB 134-62 LOT 1 LOT SIZE 120 X 81 OR 19472-3587 1200 4
  • PhotosCount: 6
  • AdditionalParcelsYN: 1
  • PriceChangeTimestamp: 2023-11-08T15:09:59.000Z
  • TaxAnnualAmount: 19109
  • CurrentUse: Unimproved Business/Commercial,Other Usage
  • RoadFrontageType: Main Thoroughfare
  • StreetNumber: 375
  • GrossScheduledIncome: 0
  • StateOrProvince: FL
  • FrontageLength: 234
  • ParcelNumber: 01-32-18-061-0010
  • OtherExpense: 0
  • IDXParticipationYN: 1
  • InternetAddressDisplayYN: 1
  • WaterSource: Municipal Water
  • LotSizeDimensions: 234x80
  • PreviousListPrice: 6500000
  • StreetNumberNumeric: 375
  • PostalCodePlus4: 2967
  • Sewer: Other
  • SyndicationRemarks: The property consists of two buildings - a two story shopping center and a one story food market. The shopping center has 9 units between 650-850 square feet, allowing for optimal per foot rental numbers. The food market is renovated and equipped with a hood, grease trap and walk in cooler. The property has below market leases. A number of the leases are expired with a few more expiration dates on the horizon and demolition/renovation clauses in every lease. This offers significant upside for a buyer. The property, zoned T6-8-O, is an ideal buy and hold for someone looking to raise rents and cash in on the appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future.
  • MIAMIRE_LPAmtSqFt: 303.4979
  • StructureType: Commercial
  • Utilities: Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Trash Removal,Water Available
  • BuildingAreaUnits: Square Feet
  • LotFeatures: City Location,Corner Lot,Shopping Center,Urban Area Development,Less Than 1 Acre
  • PossibleUse: Central Urban,Transition,Urban Commercial
  • LotSizeSquareFeet: 19440

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