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


Property

Website:https://www.nestseekers.com/5616958
Address:
Apt: CU1234
Miami Beach, FL 33139
Ownership: For Sale
Type: Retail
Lot Size: 0.3 Acres

Financials

Price:$1,950,000
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. 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.

Amenities

  • Free Standing
  • Loading Space(S)

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Best of Luxury Realty Corp.

Miami Beach FL 33139 USA