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16921 NE 6th Ave 1,894 SF Office Building North Miami Beach, FL 33162 $750,000 ($395.99/SF) 5.80% Cap Rate
Investment Highlights
- Mixed use Zoning
- Parking in front and rear.
- High visibility on NE 6 Ave
Executive Summary
Fully leased freestanding, Retail/Office building of 1,800sf (approx.) on a 7,150sf lot in the Mixed-Use International Boulevard zoning district of North Miami Beach. Zoning allows for many varied commercial, residential or mixed-use opportunities. Highly visible on NE 6th Ave just 1/2 mile from I-95 with parking in front and additional parking in the rear. Seller to provide & pay for title insurance policy & select title/closing agent.
Seller offer of compensation to buyer’s broker: 3%
Seller offer of compensation to buyer’s broker: 3%
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,894 SF
Building Class
B
Year Built/Renovated
1954/1956
Price
$750,000
Price Per SF
$395.99
Cap Rate
5.80%
NOI
$43,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,894 SF
Building FAR
0.27
Lot Size
0.16 AC
Zoning
4800 - Newly designated North Miami Beach Mixed Use International Boulevard zoning allows numerous uses and development options.
Parking
12 Spaces (6.34 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Kitchen
- Air Conditioning
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Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-2207-014-0260 | Improvements Assessment | $104,266 |
| Land Assessment | $429,000 | Total Assessment | $533,266 |
Property Taxes
Parcel Number
07-2207-014-0260
Land Assessment
$429,000
Improvements Assessment
$104,266
Total Assessment
$533,266
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Contact the Sale Advisor
16921 NE 6th Ave