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11601 SW 216 St Miami, FL $ 7,900,000
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$ 7,900,000 Get more info
11601 SW 216 St
$ 7,900,000
Back to search
Share Save

11601 SW 216 St

Miami, FL, 33170
$ 7,900,000
Baths0.0 Sq 24,624

Monthly Estimate*

$ 52,506

11601 SW 216 St, Miami, FL 33170 - Image 1
11601 SW 216 St, Miami, FL 33170 - Image 2
11601 SW 216 St, Miami, FL 33170 - Image 3
11601 SW 216 St, Miami, FL 33170 - Image 4
11601 SW 216 St, Miami, FL 33170 - Image 5
11601 SW 216 St, Miami, FL 33170 - Image 6
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Studio

Commercial Property for sale in Miami, FL

for $7,900,000. This 24,624 square foot building was built in 1985 on a lot size of 2.70815.

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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Commercial Active

Price

$ 7,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 68,005

Style

Retail

Lot Size

2.70815

Year Built

1985

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11573040
Features
General
Sewer PublicSewer
Cooling CentralAir
Roof Concrete
Construction Materials Block
Year Built 1985
Stories 1
Levels One
Property SubType Retail
Percent Ownership Self Proprietor/Individual
Gross Income 600252.0
Building Name GOULDS SHOPPING PLAZA
County Miami-Dade County
Net Operating Income 460527.0
Operating Expense 137651.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
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.
City Miami
View Y/N N
Senior Community Y/N N
Zoning Description BU-1A
MLS Area 60
Lot Size Units SquareFeet
Lot Size Square Feet 117967.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 216 St
Listing Terms Cash Conventional Other
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 68005.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11573040
Days on Market 1
Structure Type Retail
Standard Status Active
Occupancy Type Tenant
Legal Description 7 56 40 & 12 56 39 2.71 AC M/L SW1/4 OF SW1/4 OF SW1/4 OF SW1/4 LESS SR #5 & LESS S55FT & N25FT & SE1/4 OF SE1/4 OF SE1/4 LYG SELY SR #5 LES
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Exterior
Parking Features Common
Water Source Public
Lot Size Area 117967.0
Number of Buildings 2
Spa N
Building Area Total 24624.0
Covered Spaces 0.0
Number of Separate Electric Meters 10
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 11601
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* Excluded Features
List By
Cruz Commercial Realty, Llc

Broker

cruzmarlen@aol.com

Email

Affordability Calculator

$58,173
Per Month
90%
10%
0%
Monthly Principal & Interest
$52,506
Monthly Property Taxes
$5,667
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/20/2024$7,900,000 Listed Price

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11601 SW 216 St, Miami, FL, 33170 is a Commercial Property for sale at $7,900,000 with 24,624 sqft and a lot size of 2.70815. 11601 SW 216 St is a studio with 0.0 baths and was built in 1985. The property's zip code is 33170 which is in Miami, FL

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