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Shopping Strip

140 NW 57th Ave

140 NW 57th Ave, Miami, FL 33126

Listing Price: $1,400,000

Cap Rate
3.09%
Gross SF
3,025
Rentable SF
3,025
Price/Gross SF
$462.81
Lot Size
0.21 acres
Year Built
1940

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present for sale 140 NW 57th Avenue (the “Property”) located in the City of Miami, FL. The property consists of a 3,025 Square Foot building situated on a 9,280 Square Foot Lot zoned T6-9-O. The T6-8-O zoning is a liberal zoning allowing for many different types of uses and the ability to building Eight Stories by right (150 units per acre). The building has 18 parking spaces (6 Per 1,000 SF) which is rare to find for buildings of this size in Miami-Dade. Currently the building is 100% occupied with tenants on Month-to-Month leases allowing for a seamless transition for an Owner/User or for immediate repositioning of the building. Additionally, the property location provides easy access to the SR-826 / Palmetto Expressway & SR-836 / Dolphin Expressway.

Investment Highlights

  • Free Standing
  • 18 Parking Spaces (6 per 1,000 SF Parking Ratio)
  • Excellent Opportunity for an Owner-Operator
  • 100% Occupied with Month-to-Month Leases Allowing For Immediate Repositioning
  • New Roof Installed in 2021
  • T6-8-O Zoning
  • SBA Financing: Eligible for SBA Loans, Which Allow Borrowers to Cover Up to 90 Percent of their Acquisition Costs

Exclusively Listed By

Financing By

Shopping Strip

140 NW 57th Ave

Listing Price: $1,400,000

Cap Rate
3.09%
Gross SF
3,025
Rentable SF
3,025
Price/Gross SF
$462.81
Lot Size
0.21 acres
Year Built
1940

Investment Highlights

  • Free Standing
  • 18 Parking Spaces (6 per 1,000 SF Parking Ratio)
  • Excellent Opportunity for an Owner-Operator
  • 100% Occupied with Month-to-Month Leases Allowing For Immediate Repositioning
  • New Roof Installed in 2021
  • T6-8-O Zoning
  • SBA Financing: Eligible for SBA Loans, Which Allow Borrowers to Cover Up to 90 Percent of their Acquisition Costs

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present for sale 140 NW 57th Avenue (the “Property”) located in the City of Miami, FL. The property consists of a 3,025 Square Foot building situated on a 9,280 Square Foot Lot zoned T6-9-O. The T6-8-O zoning is a liberal zoning allowing for many different types of uses and the ability to building Eight Stories by right (150 units per acre). The building has 18 parking spaces (6 Per 1,000 SF) which is rare to find for buildings of this size in Miami-Dade. Currently the building is 100% occupied with tenants on Month-to-Month leases allowing for a seamless transition for an Owner/User or for immediate repositioning of the building. Additionally, the property location provides easy access to the SR-826 / Palmetto Expressway & SR-836 / Dolphin Expressway.

Exclusively Listed By

Financing By

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