8241 NE 2ND AVE

Little River

PRICE

$ 3,500,000

Description

UpTown/Little River 11,000sf Retail and Office Building on 20,000sf Lot. Property has approx 7,700sf of ground floor retail, and 3,300sf of office. Site is in need of renovation and overhaul, but spaces are all usable. Pro- forma rents for retail topping $45psf. Uptown/Little River is the northern edge of urban core City of Miami, and the next epicenter for massive re-development. The area is already quickly gentrifying and hip- ifying with several new high-end retailers, eateries, co-working spaces, and Miami’s premier foodhall and Citadel. A wave of new developments are being proposed, by some of Miami’s best developers. The area is also surrounded by some of Miami’s most affluent single family home neighborhood such as Miami Shores. This area will see tremendous growth over the next several years making this the ideal time to invest in a retail asset that will see excellent rental growth

Details

Property Use:
Property Type:
Status:
Building Size:
10,548
Building Class:
Oportunity Zone:
Year Built:
No. Of Units
Property Subtype:
LOT SIZE:
19,866
Parkin Ratio:
Price Per Unit:

Gallery

BROKERS

Carlos Fausto Miranda

cfm@faustocommercial.com

305.431.2258