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16460 NE 16th Ave

North Miami Beach, FL 33162
  • $1,850,000
  • STATUS: Closed
  • ON SITE: 171 Days
  • MLS #: A11165015
Sold - 07/28/2022
$1,850,000
SOLD - 07/28/2022
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1969
County:

School Ratings & Info

Description

This Corner strip center is off a high traffic street & is comprised of 5 units with great visibility. First time on the market in 25 years! Less than half a mile from super Walmart & close to the beaches & Aventura. Neighborhood regentrifying w/ 1k new units under construction. Possible upside potential includes adding a second story & an opportunity for rent increases. Across the street from Ampitheater & newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 40-year inspection. New a/c in 3 units & the roof was reroof @ 90% in 2022. Tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, & nail salon. Owner is property manager & looking to retire. 16 parking spaces!

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-15T20:52:31.18.
www.pattyaccorto.com/homes/126091639
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16460 NE 16th Ave North Miami Beach, FL 33162

  • Price: $2,150,000
  • Status: Closed
  • On Site: 171 Days
  • Updated: 24 min ago
  • MLS #: A11165015
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1969
Built
County:
Miami-Dade
Property Description
This Corner strip center is off a high traffic street & is comprised of 5 units with great visibility. First time on the market in 25 years! Less than half a mile from super Walmart & close to the beaches & Aventura. Neighborhood regentrifying w/ 1k new units under construction. Possible upside potential includes adding a second story & an opportunity for rent increases. Across the street from Ampitheater & newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 40-year inspection. New a/c in 3 units & the roof was reroof @ 90% in 2022. Tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, & nail salon. Owner is property manager & looking to retire. 16 parking spaces!
Exterior Features

Construction Materials Concrete Block Construction Inclusions Building & Land Lot Features Corner UnitCorner LotIn Residential AreaShopping Center Parking Features CommonLoading Spaces Parking Total 16 Pool Private YN No Road Frontage Type City Street Roof Concrete View YN No Waterfront YN No

Interior Features

Building Area Total 4520 Building Features Exterior Lighting Cooling Central Individual A/C Flooring ConcreteTile Heating None Heating YN No Stories 1

Property Features

Accessibility Features Handicap Parking Association YN No Business Type Strip Store Cooling YN Yes Documents Available Aerial Photo(S)DeedCopy Of Lease(S) Electric 110 Volts Power220 VoltsSeparate Meters Horse YN No Land Lease YN No Lease Considered YN Yes Lease Term 1 To 3 Year Lease Listing Terms All CashCash New Construction YN No Ownership Corporation Public Survey Section 17 Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Structure Type Free Standing Tax Annual Amount 13353 Tenant Pays A/C & Heating MaintenanceElectricity Water Source Public Zoning 6400

Listing courtesy of One Sotheby's International Realty.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-15T20:52:31.18.
 
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