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Single-Tenant Office

194 NW 187th St

194 NW 187th St, Miami Gardens, FL 33169

Listing Price: $3,950,000

Cap Rate
6.93%
Rentable SF
13,684
Lot Size
1.32 acres
Year Built
1985

Investment Overview

Marcus & Millichap is proud to present for sale 194 NW 187th St, a freestanding 13,684 square foot of?ce building situated on 1.32 acres of land, located in the City of Miami Gardens. This of?ce building was constructed in 1985 and has been exceptionally maintained throughout the current ownership tenure. Currently there are 47 surface spaces with a parking ratio of 3.43 per 1000 SF. For those looking to redevelop, zoning allows opportunities to transition to a triple net, single tenant property at approximately $20 per SF. The current zoning is Neighborhood Commercial (NC). Miami Gardens is home to the Hard Rock Stadium, St. Thomas University, and Calder Racetrack. The city is bordered by North Miami Beach from the east, Opa-Locka to the south, and by Broward County from the north. This property is conveniently located within 10 minutes of public transportation, 5 minutes to I-95, and 20 minutes to Fort Lauderdale International Airport. Over 60,000 vehicles per day drive along NW 2nd Ave, one block from the subject property. This is a corner lot with 450 feet of frontage on NW 1st Avenue and NW 187th St. Miami Gardens continues to attract international buyers, big businesses, and real estate developers.

Investment Highlights

  • Located just west of I-95 from Miami Gardens Interchange.
  • Close proximity to many amenities including restaurants, shopping, banks, and public transportation.
  • Corner lot with frontage toward NW 1st Avenue and NW 187th St of 450 feet.
  • Liberal zoning allows for a variety of commercial, mixed residential, and entertainment uses.

Exclusively Listed By

Financing By

Single-Tenant Office

194 NW 187th St

Listing Price: $3,950,000

Cap Rate
6.93%
Rentable SF
13,684
Lot Size
1.32 acres
Year Built
1985

Investment Highlights

  • Located just west of I-95 from Miami Gardens Interchange.
  • Close proximity to many amenities including restaurants, shopping, banks, and public transportation.
  • Corner lot with frontage toward NW 1st Avenue and NW 187th St of 450 feet.
  • Liberal zoning allows for a variety of commercial, mixed residential, and entertainment uses.

Investment Overview

Marcus & Millichap is proud to present for sale 194 NW 187th St, a freestanding 13,684 square foot of?ce building situated on 1.32 acres of land, located in the City of Miami Gardens. This of?ce building was constructed in 1985 and has been exceptionally maintained throughout the current ownership tenure. Currently there are 47 surface spaces with a parking ratio of 3.43 per 1000 SF. For those looking to redevelop, zoning allows opportunities to transition to a triple net, single tenant property at approximately $20 per SF. The current zoning is Neighborhood Commercial (NC). Miami Gardens is home to the Hard Rock Stadium, St. Thomas University, and Calder Racetrack. The city is bordered by North Miami Beach from the east, Opa-Locka to the south, and by Broward County from the north. This property is conveniently located within 10 minutes of public transportation, 5 minutes to I-95, and 20 minutes to Fort Lauderdale International Airport. Over 60,000 vehicles per day drive along NW 2nd Ave, one block from the subject property. This is a corner lot with 450 feet of frontage on NW 1st Avenue and NW 187th St. Miami Gardens continues to attract international buyers, big businesses, and real estate developers.

Exclusively Listed By

Financing By

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