765&771 NE 125th St | North Miami, FL 33161
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765&771 NE 125th St
North Miami, FL 33161
Retail Property For Sale
Investment Highlights
- Fully Occupied Retail Strip
- Short-Term leases
- Close Access to W. Dixie Hwy, I-95 & Biscayne Blvd
- Below Market Rents
- C-3 Zoning Allowing Multiple Commercial Uses
Executive Summary
Marcus and Millichap is pleased to exclusively offer the sale of 765 & 771 NE 125th Street, North
Miami, FL, 33161. The property consists of two inline retail buildings with a gross leasable area
of 6,864 square feet and a combined lot size of 10,800 square feet. It has 6 individual units, which
are currently fully occupied by 4 separate tenants.
This property presents a unique opportunity for an investor to acquire a value-add opportunity
in the heart of North Miami, with short term leases and below market rents. The fully occupied
retail strip lies along the main corridor with 100 feet of frontage along NE 125th Street. It is
located just off the intersection of West Dixie Highway & NE 125th Street with and average of
30,000 vehicles per, giving it great curb appeal and easy access to Biscayne Boulevard and I-95.
The subject property is centrally located in North Miami servicing the community and
surrounding neighborhoods. The surrounding area consists of an array of major national
retailers and family housing, with nearby developments soon to follow.
Miami, FL, 33161. The property consists of two inline retail buildings with a gross leasable area
of 6,864 square feet and a combined lot size of 10,800 square feet. It has 6 individual units, which
are currently fully occupied by 4 separate tenants.
This property presents a unique opportunity for an investor to acquire a value-add opportunity
in the heart of North Miami, with short term leases and below market rents. The fully occupied
retail strip lies along the main corridor with 100 feet of frontage along NE 125th Street. It is
located just off the intersection of West Dixie Highway & NE 125th Street with and average of
30,000 vehicles per, giving it great curb appeal and easy access to Biscayne Boulevard and I-95.
The subject property is centrally located in North Miami servicing the community and
surrounding neighborhoods. The surrounding area consists of an array of major national
retailers and family housing, with nearby developments soon to follow.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,864 SF
Building Class
C
Year Built
1955
Price
$1,650,000
Price Per SF
$240
Cap Rate
5.07%
NOI
$83,660
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.63
Lot Size
0.25 AC
Zoning
C-3, North Miami
Parking
5 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
47 FT on NE 125th St
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $914,423 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$914,423
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