Real Estate For Sale


16460 NE 16TH AVE, North Miami Beach, 33162 Florida

Real Estate For Sale
$1,350,000
Beds Baths
16460 NE 16TH AVE
North Miami Beach , FL 33162

COMMERCIAL - ACTIVE

MLS #: A10655656


Real Estate For SaleReal Estate For SaleReal Estate For SaleReal Estate For SaleReal Estate For SaleReal Estate For SaleReal Estate For SaleReal Estate For SaleReal Estate For SaleReal Estate For Sale
STATUS: ACTIVE, , YEAR BUILT: 1969, MLS #: A10655656, TAX YEAR: 2018
This Corner strip center is off a high traffic street and is comprised of 5 units with great visibility. First time on the market in 25 years. Less than a half a mile from super Walmart and close to the beaches and Aventura. Neighborhood re-gentrifying with 1k new units under construction. Possible upside potential includes adding a second story and an opportunity for rent increases. Across the street from amphitheater and newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 40-year inspection. New a/c units in 4 units. Long term tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, and a nail salon. Owner is the property manager and is retiring.

AMENITIES: END UNIT, CONCRETE BLOCK STUCCO, CORPORATE OWNED, TILE FLOORING, CENTRAL AIR CONDITIONING, CORNER LOT, LOT SIZE BETWEEN 1/4 AND 1/2 ACRE, PUBLIC WATER SUPPLY,




 

 

 

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