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4208-4220 NW 7th Ave 7,539 SF 100% Leased Retail Building Miami, FL 33127 $3,799,990 ($504.04/SF)
EXECUTIVE SUMMARY
Development opportunity close to Wynwood and major roadways. This unique property offers large square footage and an adjacent vacant lot used for parking. Property is also located in an opportunity zone which increases the potential for long term tax benefits and the possibility of additional Live Local tax credits. Currently the property is used as shared work spaces for musicians. The property offers recording studio rentals, monthly rental units for recording artists work spaces, and a large main hall as a concert venue. All spaces are used to generate income through monthly or single use rental fees. Additional information available upon request.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,539 SF
Building Class
C
Year Built
1945
Price
$3,799,990
Price Per SF
$504.04
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
6101 - T5-O 6101 - CEN-PEDESTRIAN ORIENTATION
Parking
12 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
125’ on 7th Avenue
AMENITIES
- Conferencing Facility
- Fenced Lot
- Freeway Visibility
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $704,015 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$704,015
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HOMEINC REALTY
4208-4220 NW 7th Ave
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