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$ 3,500,000
Est. payment | /mo
4,912 SqFt
$ 3,500,000
Est. payment | /mo
4,912 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,912 sqft
Price per Sqft $712
MLS Listing ID A11917860
HOA Y/N No
Year Built 1988
Annual Tax Amount $16,469
Lot Size 3,068 Sqft
Lot Dimensions 120
Property Sub-Type Retail
Property Description
Presenting a prime commercial investment at 2223 SW 13th Ave in the heart of Miami's vibrant Coral Way corridor. This fully leased, income-generating property offers 4,912 SF of leasable space zoned T6-8-0, currently occupied by two long-term tenants who cover all operating expenses—ensuring a stable, hands-off investment. The building layout allows for future subdivision to accommodate up to four tenants, creating flexibility and added upside for the next owner.
Strategically positioned just minutes from Brickell, Downtown Miami, Coral Gables, Coconut Grove, and Miami International Airport, this location is highly attractive to businesses seeking central access and visibility. Recent capital improvements include a new roof (2016), impact windows (2022), and a newly installed grease trap (2022). The property has also passed its Re-Certification, offering added peace of mind.
With a real 6.67% Cap Rate and over $233,000 in annual net income, this asset delivers strong, consistent cash flow. Additionally, both tenants have annual 4.5% rent increases built into their leases, enhancing future returns. Whether you're a seasoned investor or looking to expand your Miami portfolio, this turnkey property combines location, stability, and long-term growth potential. Don't miss this rare opportunity in one of the city's most desirable commercial zones.
Strategically positioned just minutes from Brickell, Downtown Miami, Coral Gables, Coconut Grove, and Miami International Airport, this location is highly attractive to businesses seeking central access and visibility. Recent capital improvements include a new roof (2016), impact windows (2022), and a newly installed grease trap (2022). The property has also passed its Re-Certification, offering added peace of mind.
With a real 6.67% Cap Rate and over $233,000 in annual net income, this asset delivers strong, consistent cash flow. Additionally, both tenants have annual 4.5% rent increases built into their leases, enhancing future returns. Whether you're a seasoned investor or looking to expand your Miami portfolio, this turnkey property combines location, stability, and long-term growth potential. Don't miss this rare opportunity in one of the city's most desirable commercial zones.
Location
State FL
County Miami-dade
Area 41
Interior
Flooring Concrete
Exterior
Roof Type Other
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 01-41-39-007-2780
Security Features Security System,Fenced,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11917860
Listed by FI Real Estate Brokerage LLC
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Candy & Jim Norton
REALTORS® | Lic# 3312088 | Lic# 3325790