Multi Unit Retail Near Calle Ocho | 1464 SW 6th St
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Multi Unit Retail Near Calle Ocho 1464 SW 6th St
3,802 SF 100% Leased Retail Building Miami, FL 33135 £1,314,199 (£346/SF)
Investment Highlights
- Multi Unit Retail Near Calle Ocho
- Upside on potential income
- 2nd Gen Restaurant Space
- Over $120,000 Gross Income
Executive Summary
Little Havana Retail Corner Building. Building has three current tenants including a restaurant and a market, and currently generates $100k gross but leases are short term and rents can be increased. The site is 4,000sf on a 10,000sf lot with private parking. The property has an interesting location, nestled into a quiet but growing little Havana neighborhood. Little Havana is booming with a wave of new high- quality developments adding to the existing substantial population base, meaning a wealth of new employment and improved conditions for the whole neighborhood. Local rents are skyrocketing, and you’ll be able to ride that upswing with this project. Little Havana is centric to all major employment centers of Miami, with great transit connectivity, neighborhood walkability, and an inviting and rich local culture that makes the neighborhood an amenity. The area is booming with new residential developments bringing more people to an already dense population district, and retailers are coming in aggressively following their consumers.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £79,552 | £20.92 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £79,552 | £20.92 |
Net Operating Income | - | - |
Financial Summary (Actual - 2021)
Gross Rental Income | |
---|---|
Annual | £79,552 |
Annual Per SF | £20.92 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £79,552 |
Annual Per SF | £20.92 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,802 SF
Building Class
C
Year Built/Renovated
1925/2010
Price
£1,314,199
Price Per SF
£346
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.38
Lot Size
0.23 AC
Zoning
T4-L
Parking
9 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
116 ft on SW 6th St
Amenities
- Bus Route
- Signalised Intersection
Walk Score ®
Walker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01-4102-006-5720 | Improvements Assessment | £0 (2024) |
Land Assessment | £0 (2024) | Total Assessment | £586,977 (2024) |
PROPERTY TAXES
Parcel Number
01-4102-006-5720
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£586,977 (2024)
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Multi Unit Retail Near Calle Ocho | 1464 SW 6th St
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