Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

Extraordinary opportunity to invest in this commercial property located in up-and-coming Allapattah. Offering excellent exposure to NW 17 Ave. Consists of 4 units with 4 separate electrical meters. Currently occupied by 3 tenants, a nail/hair salon (2), market (1), and laundromat (1). Utilities are split by 2 water meters and 1 gas meter for the laundromat. All units have updated electrical panels and accordion shutters. Each unit has its own bathroom and extra space for storage or eating area. The property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of the area. There is an opportunity to raise rents to market value, making this a great value add deal. DO NOT DISTURB TENANTS.

Features
: Central Electric
: Central Individual A/c
: Private Restrooms, Storage, Separate Office Area, Coffee Shop, Laundry Facilities
: Separate Meters
: Ceramic Floor
: City Location
: Other, On Street
: Security Fence
: Public Sanitation
Address Details
FL
Miami-Dade County
Miami
33125
1950 NW 17th Ave
0
Other
177
: Building & Land, Leases
: 1 To 3 Year Lease
: Conventional/refinance, Cash
: City Street
1
: Sale
: Commercial
$11,122
: Other
6100

Commercial Sale For Sale

1950 NW 17th Ave, Miami, Florida 33125

7,500 Sqft
$2,250,000
Listing ID #A11210743
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11210743
Price : $2,250,000
Year Built : 1949
Lot Area : 7,500 Sqft
Building Area : 5,552 Sqft
Status : Active
Property SubType : Retail
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