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Prime Investment Opportunity 18901 NW 2nd Ave 5,400 SF Retail Building Miami, FL 33169 $1,785,000 ($330.56/SF) 4.75% Cap Rate
Investment Highlights
- Great visibility with a large monument sign
- Short 1.6 mile distance to I-95
- Combined traffic counts exceeding 48,000 vehicles per day
Executive Summary
5,400 sqft freestanding building located just north of the Golden Glades interchange connecting I-95, the Florida Turnpike, Rt 441 and the Palmetto Expressway (I-826). Currently operated by Top Audio. Lease expires 02/2031 with a 5 year option. Lease is NNN. Tenant responsible for structural and non-structural repairs/replacements.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,400 SF
Building Class
C
Year Built
1970
Price
$1,785,000
Price Per SF
$330.56
Cap Rate
4.75%
NOI
$84,788
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.60 AC
Zoning
BU-1
Parking
16 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Freeway Visibility
- Signage
- Monument Signage
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-2101-004-0640 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,535,482 |
Property Taxes
Parcel Number
34-2101-004-0640
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,535,482
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Prime Investment Opportunity | 18901 NW 2nd Ave
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