275 NE 18th St #CU02-CU10 Miami, FL 33132
20,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $995
MLS Listing ID A12034348
HOA Y/N No
Lot Size 1.360 Acres
Acres 1.36
Property Sub-Type Retail
Property Description
• New Pricing: $19,900,000 (5.17% Current Cap Rate / 5.56% 10-Yr Average).
• Seller Financing: Highly attractive terms available up to $9M at 6.5% Interest-Only (5-7 year term), drastically maximizing Cash-on-Cash returns. Sale includes 36 excess parking spaces located inside the residential tower. These spaces can be sold off individually to condo residents (current market value $35K-$55K/each) for an immediate return of capital, without affecting the dedicated retail parking on the ground floor and rear exclusive-use lots. Positioned on Biscayne Blvd with superior visibility. Over 10,000 residential units within a 1-mile radius provide a substantial built-in customer base. Turnkey, income-producing trophy asset ideal for 1031 Exchange buyers seeking dependable cash flow and aggressive seller debt. Contact for full OM and pro forma.
Location
State FL
County Miami-dade
Area 32
Zoning 6402
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Exterior
Roof Type Concrete
Total Parking Spaces 36
Private Pool Yes
Building
Lot Description Flood Zone
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Others
Tax ID 01-32-31-059-0001
Security Features Security System,Fire Sprinkler System,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional, Cryptocurrency, 1031 Exchange
Listing Terms Cash, Conventional, Cryptocurrency, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12034348
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