Property
| Ownership: | For Sale |
|---|---|
| Type: | Retail |
| Lot Size: | 0.3 Acres |
Financials
Price:$1,950,000
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. Currently leased with a yearly NET Income of $216,000. The corner space (Washington & 8th Street) is operated as a grocery store, and the other spaces are combined operating a restaurant/bar. All NNN-leases with low cost to the landlord. All tenants are stable, profitable and willing to remain onsite. Building is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. All spaces are located on the ground-level for the Royal South Beach Condo-Hotel. Property passed 40-Yr recertification. The 50-Yr recertification Engineering Study just completed (See MLS attachments). Kindly contact the listing agent to schedule a showing and DO NOT disturb the onsite businesses.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12020955
Amenities
- Free Standing
- Loading Space(S)
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
