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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,480 sqft
Price per Sqft $456
MLS Listing ID A11603846
Sold Date 09/27/24
HOA Fees $450/mo
HOA Y/N Yes
Year Built 2005
Annual Tax Amount $6,928
Tax Year 2023
Lot Size 1,480 Sqft
Property Sub-Type Retail
Property Description
Unique investment opportunity in the thriving Doral area. A commercial property is offered for sale with an established tenant, a lease agreement valid until 2026, and an attractive gross return on investment of 7.4% on the sale price. This property is ideal for investors seeking a steady income flow and a strategic location in one of the most dynamic commercial zones in South Florida.
Established Tenant: The property has a tenant with a lease agreement valid until 2026, providing stability and security in the income flow. The contract includes a 5% annual rent increase, ensuring continuous appreciation of monthly income.
Return on Investment: The property generates a gross return of 7.4% on the sale price, representing an excellent profitability opportunity.
Location
State FL
County Miami-dade
Area 30
Interior
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Exterior
Roof Type Concrete
Private Pool Yes
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Pre-Cast Concrete
Others
Tax ID 35-30-17-021-0050
Security Features Fire Sprinkler System,Motion Detectors,Smoke Detector(s),Security Guard
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Miami Business Brokers
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1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States