Property
| Ownership: | Corporation |
|---|---|
| Type: | Retail |
| Lot Size: | 0.3 Acres |
Financials
Price:$3,950,000
Annual Taxes:$20,650
Listing Courtesy of Best of Luxury Realty Corp.
Offering 4 commercial retail ground level spaces CU 1 2 3 4.
Description
Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail businesses in the heart of South Beach's Hotel District. All spaces are currently leased with a yearly NET Income of $216,000. Currently the corner space is operated as a grocery store, and the other spaces are combined operating a restaurant/bar under Triple-Net leases (landlord's cost is minimal). All long-term tenants willing to continue at this location. This property is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. These commercial spaces are on the ground-level for the Royal South Beach Condo-Hotel, which passed the 40-Yr recertification and the 50-Yr recertification Engineering Study was just completed. See MLS attachments. Please contact the listing agent to schedule a showing and DO NOT disturb the onsite operating businesses.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12020955
Neighborhood
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
