647 NE 79th St, Miami FL 33138

$1,700,000

$348.36/Sq Ft

  • N/A Beds
  • N/A Baths
  • N/A Parking
  • 4880 ft²
Description

An opportunity to acquire a mixed-use (retail/office) property in the up and coming 79 St Corridor in Miami's Upper Eastside. The property is stabilized and fully occupied with solid local tenant's ranging from pet grooming services, health and fitness gym, beauty and wellness studio, and professional offices. The property has a value add component;there is a number of leases coming due by year's end that shall be increased to market rate and an activation of the building rooftop for additional income. The property is on the North portion of 79 St on the way to North Bay Village and Miami Beach.

*Value Add: Increase Rents on Expiring Leases
*Activate Rooftop for Additional Income
*On Site Gated Parking
*Over 33,000 +/- Vehicles Per Day
*Micro Spaces allow for Higher Rental Rates

Marvel Avellanet
Marvel Avellanet

Real Estate Broker

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Technical Summary
Price$1,700,000
BedsN/A
BathsN/A
Area4880 ft²
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