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16460 NE 16th Ave, North Miami Beach, FL 33162 (MLS # A10655656)

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PRICE $1,350,000 dsIDX morgage calculator
SIZE 4,520 sqft
LOT SIZE 12,378 sqft

This Corner strip center is off a high traffic street and is comprised of 5 units with great visibility. First time on the market in 25 years. Less than a half a mile from super Walmart and close to the beaches and Aventura. Neighborhood re-gentrifying with 1k new units under construction. Possible upside potential includes adding a second story and an opportunity for rent increases. Across the street from amphitheater and newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 30-year inspection. New a/c units in 4 units. Long term tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, and a nail salon. Owner is the property manager and is retiring.

DAYS ON MARKET 733 LAST UPDATED 11/18/2020
YEAR BUILT 1969 COMMUNITY 22
COUNTY Miami-Dade STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to May 1, '19 $965,000
May 1, '19 - Today $1,350,000


ADDITIONAL DETAILS
AIR CentralAir
AIR CONDITIONING Yes
AREA 22
CONSTRUCTION BLOCK
HEAT None
LOT 0.284 acre(s)
PARKING Common,Handicap, 16 spaces
SEWER PublicSewer
STORIES 1
STYLE Detached
TAXES 10684
UTILITIES Electric - Item110Volts,Item220Volts
WATER Public
ZONING 6400
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with One Sotheby's International Realty
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked. Data provided is deemed reliable but not guaranteed.

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