140 SW 16th Ave

140 SW 16th Ave

PRICE

$ 2,500,000

Description

Little Havana Retail Corner Building. Building has five current tenants including a restaurant and a market, and currently generates $130k gross but leases are short term and rents can be increased. The site is 5,000sf on a 7,500sf lot. The property has an interesting location, nestled into a quiet but growing little Havana neighborhood. Little Havana is booming with a wave of new high- quality developments adding to the existing substantial population base, meaning a wealth of new employment and improved conditions for the whole neighborhood. Local rents are skyrocketing, and you’ll be able to ride that upswing with this project. Little Havana is centric to all major employment centers of Miami, with great transit connectivity, neighborhood walkability, and an inviting and rich local culture that makes the neighborhood an amenity. The area is booming with new residential developments bringing more people to an already dense population district, and retailers are coming in aggressively following their consumers.

Details

Property Use:
Retail
Property Type:
Retail
Status:
Building Size:
5,084 SF
Building Class:
C
Oportunity Zone:
Year Built:
1986/2018
No. Of Units
Property Subtype:
Freestading
LOT SIZE:
Parkin Ratio:
6 Spaces (1.18 Spaces per 1,000 SF Leased)
Price Per Unit:

Gallery

BROKERS

Alessandro Lima

aml@faustocommercial.com

3052814469