The subject property is a 3,149 SF retail property, on a 5,000 SF lot with a mezzanine floor. The property is fully built-out and pristinely maintained in the furniture district. Located just between Midtown, Wynwood, and the Design District, the interiors are chic and modern with lots of elegant details throughout. The space is currently fully occupied with a lease ending in January 2024, generating a total gross income of $98,800. With the area undergoing transformative growth, the property benefits from upside potential by adjusting to market rents. The property offers ample on-site parking. Development Capacity: 17 Residential Units ,34 Lodging Units, 25,000 SF Max Built
3,149 Sq Ft
5,000 Sq Ft Exterior Space
Commercial
$16,788 Annual Tax
Built in 1949
MLS/Listing ID A11398452
Listing Courtesy of DWNTWN REALTY ADVISORS LLC, RAYZA PEREZ - 786-325-9928
Source of Data: MIAMI ASSOCIATION OF REALTORS