Miami, FL 33170,11601 SW 216 St
Miami, FL 33170,11601 SW 216 St
Miami, FL 33170,11601 SW 216 St
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$7,900,000
Est. payment /mo
24,624 SqFt

UPDATED:

09/30/2024 09:42 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 24,624 sqft

Price per Sqft $320

MLS Listing ID A11573040

HOA Y/N No

Year Built 1985

Annual Tax Amount $68,005

Lot Size 2.708 Acres

Property Description

Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.

Location

State FL

County Miami-dade

Area 60

Direction Florida Turnpike Exit 12 at Caribbean Blvd. and head South on US-1 to Signaled Intersection on SW 216th Street. The Shopping Center is on the East side of US-1.

Interior

Cooling Central Air

Exterior

Waterfront No

Roof Type Concrete

Parking Type Common

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Tax ID 30-60-07-000-0250

Ownership Self Proprietor/Individual

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other


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Listed by Cruz Commercial Realty, LLC

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Jaky Quelle

+1(305) 724-2585

Broker Associate | License ID: BK3283887

Broker Associate License ID: BK3283887

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11601 SW 216 St