RealPro Group S. Fl Real Estate
Commercial Land: Unimproved Business/Commercial

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375 NE 54th St Miami, FL 33137
Price: $6,500,000
Type of Property: CommercialArea: 31
Style of Property: Unimproved Business/Commercial
ID#: 1011464762 Zoning_Information: 6100
Tax Amount: 19109
Status: Active & AvailableTax Year: 2022
Approximate Lot Size: 19440
County: Miami-Dade County
Folio Number: 01-32-18-061-0010
Listed Date year/month/day: 2023-10-05
Legal:NAPOLEON PLACE PB 134-62 LOT 1 LOT SIZE 120 X 81 OR 19472-3587 1200 4

The property consists of two buildings - a two story shopping center and a one story food market. The shopping center has 9 units between 650-850 square feet, allowing for optimal per foot rental numbers. The food market is renovated and equipped with a hood, grease trap and walk in cooler. The property has below market leases. A number of the leases are expired with a few more expiration dates on the horizon and demolition/renovation clauses in every lease. This offers significant upside for a buyer. The property, zoned T6-8-O, is an ideal buy and hold for someone looking to raise rents and cash in on the appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future.


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RealPro Group, Inc. is not responsible for the accuracy of the information listed above. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange Program (IDX) and the South East Florida Regional MLS and is provided here for consumers personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing.This property is listed by STL Advisors, LLC .
South Florida Real Estate
RealPro Group, Inc.
Licensed Real Estate Broker
 Equal Housing Opportunity
Joe A. Ardolino

Broker

Phone: 305 710-0119
Realtor - Multiple Listing Service
joe@realprogroup.com
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