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Gelfand Realty Miami Properties - Retail

1806 SW 22ND AVE, MIAMI, FL 33145

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Retail - NNN Retail Investment

1806 SW 22ND AVE, MIAMI, FL 33145

Date Sold 08-09-2024

Sold Price$840,000 Asking Price$875,000

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  • Lot size 4750sqft
  • Year Built 1924

  • Days on market:

    80 day(s)

  • Original Price:

    $875,000

  • Tax Legal Description:

    PALM GROVE PB 14-66 LOTS 5 & 6 LESS E5FT FOR R/W LOT SIZE 4750 SQ FT OR 20274-4858 0302 3

  • Property Type:

    Retail

  • Special Listing Conditions:

    Sale

Description

$875,000

Pleased to offer the opportunity to acquire a free standing retail building located in the shenandoah neighborhood of miami. 1806 sw 22 ave is located a few blocks from coral way (22nd street) and less than a mile from south dixie highway. this building contains retail space for up to two tenants, and sits on a 4,750 sf of land and contains 2,587 sf of leasable space. the property is occupied by two separate tenants which generate a total of $66,059.14 in yearly net operating income. option period per the leases, will go to fair market value once initial term expires.

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