Mixed-Use Building in Miami, FL – Freestanding with 7.9% Cap Rate Opportunity

Category: Mixed-Use

Price:$3,800,000

Location: Miami, FL

Year Built: 1957

Days on Market: 82

Description:

Well-maintained, freestanding building offering long-term value for an owner-user or investor. Abundant parking with the opportunity to add more stalls. Located on a highly visible corner in a densely populated area. Floor-to-ceiling glass windows along SW 8th Street provide outstanding exposure. Direct access to Coral Gables and Little Havana via 8th Street (Calle Ocho). Property will be delivered vacant, currently owner-occupied. Ability to demise the space into 4 separate units. Proforma 7.9% Cap Rate

Well-maintained, freestanding building with direct access to Coral Gables. Can be turned into 4 separate units. Proforma 7.9% Cap Rate

Listing Code: 1152775192