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- LoopNet Team
1059-1067 SW 27th Ave
Miami, FL 33135
Shoppes on 27th Ave · Land For Sale
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0.44 AC
INVESTMENT HIGHLIGHTS
- Zoned T6-8-O allowing the construction of an eight-story, 65-unit residential building with Current Income in place.
- 5 of 6 Tenants Leases Have Expired or Expire Within Nine Months, offering flexibility for potential investors to reposition or redevelop the property
- All Tenants Separately Metered for Water & Electric
- Retail Strip Center Situated on a Double Lot
- 27 Parking Spaces – 3.5 Spaces Per 1,000 SF
- *Seller Financing Available*
PROPERTY FACTS
DESCRIPTION
Located In the Heart of the Vibrant Little Havana Submarket In Miami, Florida. This Retail Strip Center, Boasting a Total Of 7,547 Square Feet, Is Strategically Located In a Rapidly Evolving Neighborhood, Offering a Mix of Short-term Leases for Existing Retail Tenants and Significant Development Potential. The Property Is Situated on A Double Lot with Current T6-8-O Zoning That Allows for The Construction Of an Eight-story, 65-unit Residential Building, Making It an Attractive Prospect For Investors Seeking Both Immediate Cash Flow and Long-term Growth and/or Redevelopment Potential. Additionally, The Property Offers a Restaurant Space Ready for a Second-generation Establishment and Features 27 Parking Spaces, a Significant Advantage When Compared to Numerous Nearby Properties.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $398,502 | |
| Land Assessment | $2,650,600 | Total Assessment | $3,049,102 |
PROPERTY TAXES
