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Office Medical

Miami Maternity Center

140 NE 119th St, Miami, FL 33161

Listing Price: $2,700,000

Gross SF
7,905
Rentable SF
7,905
Price/Gross SF
$341.56
Occupancy
100.0%
Year Built
1953
Lot Size
1.14 acres

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 140 NE 119th St, North Miami, FL 33161
The property consists of 4 buildings totaling 7,905 on a 49,803 square ft (1.14-acre) lot.
The property is situated on NE 119th St and NE 2nd Ave, with average daily traffic counts of 20,300 and 7,000 vehicles respectively.
The property is currently occupied by the Miami Maternity Center on a month-to-month lease.
The zoning of the property is BU-1 Commercial which allows a variety of commercial uses as well as significant redevelopment potential.
The property is ideal for an owner user looking for a new location for their business/headquarters or for a developer/investor seeking a new site for a value-add project.
The investment offers strong redevelopment potential. Current zoning allows for a commercial/office or mixed-use retail/residential development with approx. 20 residential units with potential to increase density further.
The investment presents a unique opportunity for an investor to own a high-quality asset in one of Miami’s rapidly growing neighborhoods.

Investment Highlights

  • 4-building medical complex on a 1.1 acre lot in North Miami
  • Current tenant on a month-to-month lease
  • Property ideally situated for owner user looking for a new location for their business/office
  • BU-1 Commercial zoning allows for a wide-range of commercial / business uses
  • Significant redevelopment potential, current zoning allows for a mixed-use retail/residential development with approx. 20 residential units with potential to increase density further
  • Average daily traffic counts of 20,300 vehicles on NE 119th St and 7,000 vehicles on NE 2nd Ave

Exclusively Listed By

Office Medical

Miami Maternity Center

Listing Price: $2,700,000

Gross SF
7,905
Rentable SF
7,905
Price/Gross SF
$341.56
Occupancy
100.0%
Year Built
1953
Lot Size
1.14 acres

Investment Highlights

  • 4-building medical complex on a 1.1 acre lot in North Miami
  • Current tenant on a month-to-month lease
  • Property ideally situated for owner user looking for a new location for their business/office
  • BU-1 Commercial zoning allows for a wide-range of commercial / business uses
  • Significant redevelopment potential, current zoning allows for a mixed-use retail/residential development with approx. 20 residential units with potential to increase density further
  • Average daily traffic counts of 20,300 vehicles on NE 119th St and 7,000 vehicles on NE 2nd Ave

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 140 NE 119th St, North Miami, FL 33161 The property consists of 4 buildings totaling 7,905 on a 49,803 square ft (1.14-acre) lot. The property is situated on NE 119th St and NE 2nd Ave, with average daily traffic counts of 20,300 and 7,000 vehicles respectively. The property is currently occupied by the Miami Maternity Center on a month-to-month lease. The zoning of the property is BU-1 Commercial which allows a variety of commercial uses as well as significant redevelopment potential. The property is ideal for an owner user looking for a new location for their business/headquarters or for a developer/investor seeking a new site for a value-add project. The investment offers strong redevelopment potential. Current zoning allows for a commercial/office or mixed-use retail/residential development with approx. 20 residential units with potential to increase density further. The investment presents a unique opportunity for an investor to own a high-quality asset in one of Miami’s rapidly growing neighborhoods.

Exclusively Listed By

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