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$4,950,000
Est. payment /mo
5,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $883
MLS Listing ID A11823568
HOA Y/N No
Annual Tax Amount $44,285
Lot Size 10,269 Sqft
Lot Dimensions 100
Property Sub-Type Retail
Property Description
Fully renovated, freestanding 5,600-square-foot retail building situated on a 10,800-square-foot lot in the heart of Miami's Biscayne Corridor. Featuring 100 feet of direct frontage on Biscayne Boulevard, a major thoroughfare with over 43,000 vehicles per day, this signalized corner property offers excellent visibility and foot traffic. The building is fully leased to a single tenant, with current rent well below market, presenting strong upside potential through future lease restructuring or repositioning. Strategically located near MiMo, Design District, Wynwood and the Upper East Side, close to Miami's most dynamic neighborhoods. Zoned CEN (Pedestrian Oriented Commercial), it also offers long-term redevelopment potential for mixed-use, vertical retail, or boutique multifamily projects.
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 01-32-07-032-0010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11823568
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Listed by Related ISG Realty, LLC.
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Milton Knight
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675