For Sale
11601 216 St, Miami, Florida 33170
$7,900,000
Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.
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Details
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Property Type: Commercial
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Property SubType: Retail
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Listing Type: For Sale
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Listing ID: A11573040
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Price: $7,900,000
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View: Intercoastal,ocean,pool
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Bedrooms: 0
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Bathrooms: 0
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Half Bathrooms: 0
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Square Footage: 0 Sqft
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Year Built: 1985
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Status: Active
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Original Property Type: Commercial Sale
Features
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Cooling System : Central Air
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Roof Deck : Concrete
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Parking : Common
Location
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Country US
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State FL
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County Miami-Dade County
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City Miami
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Zipcode 33170
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Neighborhood: Miami
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Street: 216 St
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Street Number: 11601
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Floor Number: 0
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Longitude: W121° 12' 43.1''
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Latitude: N45° 21' 8.6''
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Directions: Florida Turnpike Exit 12 at Caribbean Blvd. and head South on US-1 to Signaled Intersection on SW 216th Street. The Shopping Center is on the East side of US-1.
Additional Info
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Stories: 1
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UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11573040
