Offering 4 commercial retail ground level spaces CU 1 2 3 4.


Property

Website:https://www.nestseekers.com/5488412
Address:
Apt: 4-Folios Included
Miami Beach, FL 33139
Ownership: Corporation
Type: Retail
Lot Size: 0.3 Acres

Financials

Price:$3,950,000
Annual Taxes:$20,650

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.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Best of Luxury Realty Corp.