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Property Name:  Residential & Retail Property

Location:  South Beach

Asking Price:  $1,990,000

Lot Size:  7000

Total Square Feet:  7889

Year Built:  1940


Price per sq ft lot:  $443.66

Watefront:  NO

This retail building for sale in Miami is a free standing Miami Beach Mixed use Property in South Beach with retail on the first floor and residential on the second floor.

Contact
MLR Realty
(305) 673-3303
Email


Additional Information

This mixed-use building for sale in Miami is located on the corner of 5th and Michigan in South Beach.  It is one of the unique commercial properties Miami Beach featuring both retail spaces and residential. The first floor has a tax office (850 sq. ft.) and a grocery store (2,812 sq. ft.). There are also 2 bays measuring 1683 sq. ft. and 1275 sq. ft. in th rear of first floor

Upstairs there are 6 apartments totaling 1,500 square feet. The efficiencies are 250 sq.ft and there is a 500 sq. ft. one-bedroom unit.

Utilities included for the apartments and there is street parking.  The buidling is fully leased. For the commercial units leases are Gross, insurance and real estate taxes are included in the rent. Tenants pay sales tax and trash.

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