For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,662,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,071 sqft
Price per Sqft $293
MLS Listing ID A11422051
Sold Date 05/31/24
Construction Status New Construction
HOA Y/N No
Year Built 1957
Annual Tax Amount $48,165
Tax Year 2022
Contingent Backup Contract/Call LA
Lot Size 0.768 Acres
Property Description
SUN PLAZA SHOPS. The Strip Plaza is located just 150 yards from Palmetto 826 entrance on 27th Ave in Miami Gardens. Incredible vehicular and pedestrian traffic. Miami Gardens is one of the main areas of commercial and residential expansion in Miami-Dade. Leasable area is 9340 SF and it is currently 100% leased producing 5.60% CAP with the possibility of updating the rents to the current market within the next 12 months. All leases are Triple Net (NNN). Some tenants have been in the Plaza for more than 20 years. Recently repaired roof and parking lot. A great investment opportunity situated at one of the fastest growing areas in Miami! CAP 6.00%
Location
State FL
County Miami-dade County
Area 21
Interior
Cooling Central Air
Exterior
Waterfront No
Roof Type Other
Parking Type Common, Free Parking, Handicap
Total Parking Spaces 50
Building
Story 1
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Block
Construction Status New Construction
Others
Tax ID 34-21-15-002-0180
Ownership Limited Partnership
Security Features Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Belhouse Real Estate, LLC
Learn More About LPT Realty