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1950 NW 17th Ave

Miami, FL 33125
  • $2,250,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: A11210743
UPDATED: 35 min ago
$2,250,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Description

Extraordinary opportunity to invest in this commercial property located in up-and-coming Allapattah. Offering excellent exposure to NW 17 Ave. Consists of 4 units with 4 separate electrical meters. Currently occupied by 3 tenants, a nail/hair salon (2), market (1), and laundromat (1). Utilities are split by 2 water meters and 1 gas meter for the laundromat. All units have updated electrical panels and accordion shutters. Each unit has its own bathroom and extra space for storage or eating area. The property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of the area. There is an opportunity to raise rents to market value, making this a great value add deal. DO NOT DISTURB TENANTS.

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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 2022-06-25T17:52:16.753.
www.castellihomes.com/homes/129031521
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1950 NW 17th Ave Miami, FL 33125

  • Price: $2,250,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 35 min ago
  • MLS #: A11210743
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1949
Built
County:
Miami-Dade
Property Description
Extraordinary opportunity to invest in this commercial property located in up-and-coming Allapattah. Offering excellent exposure to NW 17 Ave. Consists of 4 units with 4 separate electrical meters. Currently occupied by 3 tenants, a nail/hair salon (2), market (1), and laundromat (1). Utilities are split by 2 water meters and 1 gas meter for the laundromat. All units have updated electrical panels and accordion shutters. Each unit has its own bathroom and extra space for storage or eating area. The property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of the area. There is an opportunity to raise rents to market value, making this a great value add deal. DO NOT DISTURB TENANTS.
Exterior Features

Construction Materials Concrete Block Construction Inclusions Building & LandLeases Lot Features City Location Parking Features OtherOn Street Pool Private YN No Road Frontage Type City Street View YN No Waterfront YN No

Interior Features

Building Area Total 5552 Building Features Coffee ShopLaundry FacilitiesPrivate RestroomsSeparate Office AreaStorage Cooling Central Individual A/C Flooring Ceramic Floor Heating Central Electric Heating YN Yes Window Features Partial Accordian Shutters

Property Features

Association YN No Business Type Retail SpaceStrip Store Cooling YN Yes Electric Separate Meters Horse YN No Land Lease YN No Lease Considered YN Yes Lease Term 1 To 3 Year Lease Listing Terms CashConventional/Refinance New Construction YN No Public Survey Section 34 Security Features Security Fence Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Structure Type Commercial Tax Annual Amount 11122 Tenant Pays Exterior ElectricElectricityExterior MaintenanceInterior MaintenanceTelephoneSewer Water Source Other Zoning 6100

Listing courtesy of The Keyes Company.


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 2022-06-25T17:52:16.753.
 
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Castelli Real Estate Services
2227 Wilton Drive
Fort Lauderdale FL, 33305