Mixed-Use
Bird Road Retail Strip & Single Family Home
5800 Bird Rd, Miami, FL 33155
Listing Price: $2,600,000
Investment Overview
Marcus & Millichap, As Exclusive Agent, Is Pleased To Market For Sale 5800 Bird Rd | 5801 SW 41st St, Miami, FL 33155.
The Property Is Comprised Of A Freestanding Retail Strip With An Adjacent Residential House: The Retail Strip Contains 3,349 Square Feet And The Residential House Contains 1,095 Square Feet With Two Bedrooms And One Bathroom. In Total, The Two Buildings Are Situated On A Lot Size Of 15,750 Square Feet With 12 Parking Spaces On Site With A Pylon Sign.
Since All Tenants Are Running On Month-to-month Leases, This Rare Opportunity Allows An Investor To Immediately Reposition All Bays/Units On One Of Miami’s Most Sought-After Thoroughfares. The Traffic Counts On Bird Road Exceed 50,500 Vehicles Per Day. Bird Road Has Seen Consistent Rent Growth YOY With Average Rents At $44psf NNN, 3% Vacancy, And Annual Rent Growth Of 4.2%.
The Properties Were Built In 1945 And 1955. This Generational Asset Has Been Held By Ownership For Over 40+ Years. Additionally, This Asset Is Located In The South Miami Sub-market With Average Household Income Of Over $140k And Over 15k People Within A 1-mile Radius.
Bird Road Retail Strip & Single Family Home
Investment Highlights
- Prime Opportunity for Immediate Repositioning on One of Miami's Most Sought-after Thoroughfares: Bird Road Retail Strip & Single-Family Home with All Month-to-Month Leases.
- Located in the South Miami Sub-Market with Average Household Income of over $140k and over 15k People Within a 1-mile Radius.
- Daily Traffic Counts Exceed over 50,500
- Generational Asset- over 40+ Years Held in Owners Portfolio
- Bird Road Has Seen Consistent Rent Growth YOY with Average Rents At $44psf NNN, 3% Vacancy, and Annual Rent Growth of 4.2%
- Corner Lot with Ample Parking (4.48 Per 1k Sf) and Pylon Sign.
Exclusively Listed By
Financing By
Listing Price: $2,600,000
Investment Highlights
- Prime Opportunity for Immediate Repositioning on One of Miami's Most Sought-after Thoroughfares: Bird Road Retail Strip & Single-Family Home with All Month-to-Month Leases.
- Located in the South Miami Sub-Market with Average Household Income of over $140k and over 15k People Within a 1-mile Radius.
- Daily Traffic Counts Exceed over 50,500
- Generational Asset- over 40+ Years Held in Owners Portfolio
- Bird Road Has Seen Consistent Rent Growth YOY with Average Rents At $44psf NNN, 3% Vacancy, and Annual Rent Growth of 4.2%
- Corner Lot with Ample Parking (4.48 Per 1k Sf) and Pylon Sign.
Investment Overview
Marcus & Millichap, As Exclusive Agent, Is Pleased To Market For Sale 5800 Bird Rd | 5801 SW 41st St, Miami, FL 33155. The Property Is Comprised Of A Freestanding Retail Strip With An Adjacent Residential House: The Retail Strip Contains 3,349 Square Feet And The Residential House Contains 1,095 Square Feet With Two Bedrooms And One Bathroom. In Total, The Two Buildings Are Situated On A Lot Size Of 15,750 Square Feet With 12 Parking Spaces On Site With A Pylon Sign. Since All Tenants Are Running On Month-to-month Leases, This Rare Opportunity Allows An Investor To Immediately Reposition All Bays/Units On One Of Miami’s Most Sought-After Thoroughfares. The Traffic Counts On Bird Road Exceed 50,500 Vehicles Per Day. Bird Road Has Seen Consistent Rent Growth YOY With Average Rents At $44psf NNN, 3% Vacancy, And Annual Rent Growth Of 4.2%. The Properties Were Built In 1945 And 1955. This Generational Asset Has Been Held By Ownership For Over 40+ Years. Additionally, This Asset Is Located In The South Miami Sub-market With Average Household Income Of Over $140k And Over 15k People Within A 1-mile Radius.
Exclusively Listed By
Financing By
