Property Description
This is an ideal Owner/User, Free Standing, Fully Renovated retail building w/advertising pylon, on a hard corner (with traffic light). The Property is under a Triple Net Lease that offers significant upside, with a 7% annual lease escalation. The Property is perfectly suited for an owner/user upon expiration of the lease. The Property consists of a 8,546 SF building on .37 acres (16,177 SF) w/17 parking spaces onsite. It offers Street Front Retail entrances, Street Level Roll-Up Doors & 2 Dock Height Doors for multiple users. It has 18 foot high ceilings in the enormous showroom. Investors can increase income by either extending the existing lease w/current tenant (lease has an annual 7% Increase) or replace w/a market rate tenant.
Features
17
Exterior Lighting, Airport Access, Heavy Traffic, Truck/loading Dock, City Licenses, County Licenses
Address Map
FL
Miami-Dade County
Miami
33142
2205 NW 20th St
W81° 46' 5.4''
N25° 47' 41.5''
MLS Addon
Building & Land
All Cash, Conventional/refinance
1
City Street, Main Thoroughfare
Sale
1
Free Standing
$28,762
2022
Public
6100
0
04/03/2024 17:32:42
2205 NW 20th St, Miami, Florida 33142
$5,595,000
16,177 size sq.ft.
Listing ID #A11447374
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11447374
Price $5,595,000
Year Built 1995
Days on Market 182
Building Area 8,546
Status Active
Property SubType Retail
Lot Area 16,177 Sqft
List Date 2024-03-05
On Market Date 05/09/2023
MiamiInvestrealty
