5222 NW 7th Ave
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5222 NW 7th Ave
4,723 SF Vacant Retail Building Miami, FL 33127 $1,650,000 ($349/SF)
Investment Highlights
- Opportunity Zone
- High Traffic
- Main Highway
Executive Summary
Located on Miami's NW 7th Avenue, with an impressive annual average daily traffic volume of 30,500 vehicles, this site is particularly well situated for uses that benefit from high visibility. The building's versatile layout lends itself to function efficiently both as a single occupant space as well as demised for multiple tenancies.
Recent improvements include impact windows, a new roof, updated plumbing, along with other structural improvements. Currently operating as a perc-free dry-cleaning plant and retail laundry, a new lint interceptor has been installed. The building now operates on a 3-phase electrical/600 amp service. The 40-year certification has been completed. This opportunity is inclusive of the real estate and the business. The property can be delivered empty or with the cash flowing business at no additional cost.
Recent improvements include impact windows, a new roof, updated plumbing, along with other structural improvements. Currently operating as a perc-free dry-cleaning plant and retail laundry, a new lint interceptor has been installed. The building now operates on a 3-phase electrical/600 amp service. The 40-year certification has been completed. This opportunity is inclusive of the real estate and the business. The property can be delivered empty or with the cash flowing business at no additional cost.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,723 SF
Building Class
C
Year Built/Renovated
1952/2022
Price
$1,650,000
Price Per SF
$349
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Land Acres
0.22 AC
Opportunity Zone
Yes
Zoning
T5-O & T6-8O - Commercial T6-8O, T5-O
Parking
7 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
84 FT on NW 7th Ave
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3123-006-0140 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $294,715 |
PROPERTY TAXES
Parcel Number
01-3123-006-0140
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$294,715
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Diamela Burguera -
James Quinlan -
Central Commercial R.E.
1 of 8
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5222 NW 7th Ave
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