Make an Offer
1120 NW 119th St
Home61's Closings in
Pinewood
Motivated seller. Value add opportunity. Free standing storefront retail building with 2 stores on busy 119th st. Potential to bring current rents of $15/sf to market rent at $20/sf, noi of $27,000 per year, and cap rate to 9% at asking price. Owner occupants may occupy one of the spaces and lease the other for income. . Parking in the front and rear of the building. Average daily traffic count of 29,000 cars. Close to i-95 and 441. Bu-1 zoning includes permitted uses such as: barber shop, beauty salon, florist shop, grocery food store/market, bakery, apparel store, bicycle sales and repairs (non motorized), dispensing facilities for low thc or medical cannabis, drugstores, restaurants and coffee houses, adult day care center, computer and video store, optical, jewelry, religious church.
Data is provided by Miami Board of Realtors.
Data Provided by greatschools.org