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$ 6,900,000
Est. payment /mo
Price Dropped by $700K
601 SW 57th Ave Miami, FL 33144
17,360 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 17,360 sqft
Price per Sqft $397
MLS Listing ID A11884344
HOA Y/N No
Year Built 1978
Annual Tax Amount $50,083
Lot Size 0.447 Acres
Property Sub-Type Retail
Property Description
Retail/Office Building for Sale with 17,360SF being offered at $398 PSF with a 7.22% CAP RATE. The average SQ per unit is 685 SF making this two-story retail / office building easy to rent and always 100% full. This building is approximately 17,360 square feet offering a compelling investment opportunity. Built in 1978, the property comprises multiple storefront/office units fronting Red Road (SW 57th Ave), one of Miami's high-traffic corridors. Positioned strategically on Red Road between Flagler Street and SW 8th Street, the center draws from vibrant residential areas and proximity to major thoroughfares, making it attractive for both local retailers and service providers.
Location
State FL
County Miami-dade
Area 41
Exterior
Private Pool Yes
Others
Tax ID 01-41-06-011-1180
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11884344
Listed by Assured Investments Realty, LLC