Description
PRESENTING AN INCOME-PRODUCING COVERED ASSET WITH VALUE-ADD POTENTIAL IN SUPPLY-CONSTRAINED COMMERCIAL ZONING POCKET OF LITTLE RIVER. Sporting a well-balanced unit mix of (2) 1-BR/1-Bath and (2) 2-BR/2-Bath units with consistent occupancy at below-market rents, the property delivers dependable performance with tons of upside through aesthetic, structural, and rental value-add execution. The asset benefits from a new roof (replaced in 2023) and solid overall condition as-is, with optionality for strategic capital improvements to address upcoming recertification and cosmetic upgrades geared toward strengthening tenant appeal. Located adjacent to the NE 82nd Street connector-corridor, the property benefits from unmatched accessibility between I-95 and the Little River area’s main business district and transit hubs such as Biscayne Blvd, NE 79th Street and NE 2nd Avenue. With underlying T5-O commercial zoning, this property offers rare usage flexibility, allowing an investor to maximize long-term gains via re-development or adaptive re-use toward a range of commercial uses including retail, office, education and multi-family.
Details
| MLS # | A11976135 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 183 |
| Listing Provided By | The Alpha Commercial Advisors LLC | Jamie Maniscalco |
Features
| SQ Feet | 2,556 |
|---|---|
| Units | 4 |
| Zoning | 6101 |
| Acreage | 6901.00 |
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33138 |
| Area | 31 |
| Listing VS Median (in 33138) | |
Price: $1,295,000 low | high Med: $231,500 sqft: 2,556 low | high Med: 701 $ / sqft: $507 low | high Med: $343 On site: 183 low | high Med: 37.5 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33138 |
| Area | 31 |
| Listing VS Median (in 33138) | |
Price: $1,295,000 low | high Med: $231,500 sqft: 2,556 low | high Med: 701 $ / sqft: $507 low | high Med: $343 On site: 183 low | high Med: 37.5 | |
