Basic Information

  • Type Retail
  • Status Closed
  • Year Built 1969
  • Total Sqft 12,377
  • Date Listed 02/24/2022
  • Days on Market 154
Description

This Corner strip center is off a high traffic street & is comprised of 5 units with great visibility. First time on the market in 25 years! Less than half a mile from super Walmart & close to the beaches & Aventura. Neighborhood regentrifying w/ 1k new units under construction. Possible upside potential includes adding a second story & an opportunity for rent increases. Across the street from Ampitheater & newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 40-year inspection. New a/c in 3 units & the roof was reroof @ 90% in 2022. Tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, & nail salon. Owner is property manager & looking to retire. 16 parking spaces!

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description Common, Handicap
  • Style Retail

Interior Features

  • Adjusted Sqft 12,377Sq.Ft
  • Cooling Description Central Air
  • Floor Description Concrete, Tile
  • Heating Description None
  • Sqft 12,377 Sq.Ft

Property Features

  • Address 16460 NE 16th Ave
  • Aprox. Lot Size 12,377
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $13,353
  • Tax Legal desc 17 52 42 FULFORD BY THE SEA SEC G PB 14-39 LOTS 9 & 10 BLK 78 LOT SIZE IRREGULAR OR 18796-2322 0899 1 COC 23448-3130 05 2005 4
  • Tax Year 0
  • Terms Considered Cash
  • Type of Property Retail

16460 NE 16th Ave

North Miami Beach, FL 33162

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Sotheby's International Realty. tel: 305-538-9711

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