11601 216 St ,Retail, Commercial, Shopping Center for Sale

11601 216 St for Sale

Price $7,900,000.00

• Lot size 117967
• Year Build 1985
• Waterfront
• Zip 33170
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.

7 56 40 & 12 56 39 2.71 AC M/L SW1/4 OF SW1/4 OF SW1/4 OF SW1/4 LESS SR #5 & LESS S55FT & N25FT & SE1/4 OF SE1/4 OF SE1/4 LYG SELY SR #5 LES

Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.

City:Miami,Zoning:BU-1A,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.566747,Cooling Y N:1,List Price:7900000,Listing Id:A11573040,Longitude:-80.380202,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1985,Directions:Florida Turnpike Exit 12 at Caribbean Blvd. and head South on US-1 to Signaled Intersection on SW 216th Street. The Shopping Center is on the East side of US-1.,Inclusions:Building & Land,Postal Code:33170,Street Name:216 St,Coordinates:1:25.566747,Gross Income:600252,Photos Count:6,Building Name:GOULDS SHOPPING PLAZA,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:60,On Market Date:2024-04-19,Other Expense:125152,Parcel Number:30-60-07-000-0250,Property Type:Commercial Sale,Stories Total:1,Street Number:11601,Public Remarks:Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.,County Or Parish:Miami-Dade County,List Office Name:Cruz Commercial Realty, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2933,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:68005,Unparsed Address:11601 SW 216 St, Miami FL 33170,Listing Agreement:Exclusive Right To Sell,Operating Expense:137651,Building Area Total:24624,Building Area Units:Square Feet,Lot Size Square Feet:117967,M I A M I R E_ For Sale Y N:1,Number Of Buildings:2,Original List Price:7900000,Public Survey Range:60,I D X Participation Y N:1,Net Operating Income:460527,Syndication Remarks:Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.,Financial Data Source:1:Projected Pro-Forma,Listing Contract Date:2024-04-19,Originating System I D:miamire,Public Survey Section:7,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:11601,Tax Legal Description:7 56 40 & 12 56 39 2.71 AC M/L SW1/4 OF SW1/4 OF SW1/4 OF SW1/4 LESS SR #5 & LESS S55FT & N25FT & SE1/4 OF SE1/4 OF SE1/4 LYG SELY SR #5 LES,Electric On Property Y N:1,Gross Scheduled Income:475100,Public Survey Township:60,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1.5%,M I A M I R E_ Internet Remarks:Retail Strip Shopping Center with Outparcel National Restaurant Tenant for Sale on Signaled Intersection of US-1 and SW 216 Street, in Miami.,Contract Status Change Date:2024-04-19,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:1.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 1.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,