1820 SW 3 AVE LLC | 1820 SW 3rd Ave
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1820 SW 3 AVE LLC 1820 SW 3rd Ave
7,300 SF 4% Leased Retail Building Miami, FL 33129 $8,000,000 ($1,096/SF) 5.84% Cap Rate
Investment Highlights
- Location
- Near Brickell
- Multiple business
Executive Summary
Premium location property when Brickell begins. First floor is Shell condition for retail or commercial. Two separate spaces ideal for Restaurants, retail, Bank, commercial. Drive thru. 12 Parking spaces. First space 2,980 soft (Two restrooms). Second space 1,120 sqft (1 restroom). Second floor three different areas. One office 1040, available for rent. Second space an apartment with 867 sqft. Third space apartment 702 sqft. Separate laundry area. Ideal for short term rentals. There are two folios, one for the property one for the Parking Lot. Available for sale with an adjacent plaza ideal for development project.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,300 SF
Building Class
C
Year Built
1952
Price
$8,000,000
Price Per SF
$1,096
Cap Rate
5.84%
NOI
$467,200
Percent Leased
4%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.12
Land Acres
0.15 AC
Zoning
C-1 - Commercial
Parking
10 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
55 FT on SW 3rd Ave
Amenities
- Conferencing Facility
- Dedicated Turn Lane
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Very Bikeable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-4138-001-1910 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $1,635,452 (2024) |
PROPERTY TAXES
Parcel Number
01-4138-001-1910
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,635,452 (2024)
-
Jose Luis Alvarez -
Polit Realty, LLC
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1820 SW 3 AVE LLC | 1820 SW 3rd Ave
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