FOR SALE | |||
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Code: | 9518F20 | |||
City: | Palmetto Bay | |||
Retail Type: | ||||
Price: | $ 4,800,000 | |||
Cap. Rate: | ||||
Tenancy: | ||||
Retail Sq.Ft.: | 8,243 | |||
Lot. Area Sq. Ft.: | 29185 | |||
Parking: | ||||
Year: | 1981 | |||
FULLY RENOVATED SHOPPING CENTER!!! FULLY LEASED 7,801 sqft building. Long-term NNN (minimum 5 year) leases. 5.33% CAP RATE! Cash flowing at an average of $37/sqft in year 3. Selling on year 3 income (year 3 commenced on 2/15/2020). 29,185 sqft lot located on South Dixie Highway in Palmetto Bay, FL. Great long-term investment property along with redevelopment opportunities due to possible changes in the code for the US 1 corridor. | ||||
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