11601 SW 216 St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33170
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