Retail / Office Building for Sale with 17,360 sq.ft being offered at $398 PSF with a 7.22% CAP RATE. The average SQ per unit is 685 sq.ft making this two-story retail / office building easy to rent and always 100% full. This building is approximately 17,360

601 SOUTH WEST 57TH AVE, Miami

$6,900,000 USD
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Address601 SOUTH WEST 57TH AVE, Miami
Type of PropertyRetail
Type of BusinessOffice Space, Retail Space
Price$6,900,000
Previous Price$7,600,000 (16 days ago)
Property StatusActive
MLS NumberA11884344
Property Size19482
Lot Size19482
Year Built1978
Folio Number01-41-06-011-1180
Zoning Information4801
Days on Market25

Detailed Description: Retail / Office Building for Sale with 17,360 sq.ft being offered at $398 PSF with a 7.22% CAP RATE. The average SQ per unit is 685 sq.ft making this two-story retail / office building easy to rent and always 100% full. This building is approximately 17,360 sq.ft offering a compelling investment opportunity. Built in 1978, the property comprises multiple storefront / office units fronting Red Road (SW 57th Ave), one of Miami’s high-traffic corridors. Positioned strategically on Red Road between Flagler Street and SW 8th Street, the center draws from vibrant residential areas and proximity to major thoroughfares, making it attractive for both local retailers and service providers.

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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33144
Address601 SOUTH WEST 57TH AVE
Zip Code (4 Digits)3977
Financial Information
Price$6,900,000
Price per Foot$0
Previous Price$7,600,000
Folio Number01-41-06-011-1180
Tax Amount$50,083
Full Descriptions
Detailed DescriptionRetail / Office Building for Sale with 17,360 sq.ft being offered at $398 PSF with a 7.22% CAP RATE. The average SQ per unit is 685 sq.ft making this two-story retail / office building easy to rent and always 100% full. This building is approximately 17,360 sq.ft offering a compelling investment opportunity. Built in 1978, the property comprises multiple storefront / office units fronting Red Road (SW 57th Ave), one of Miami’s high-traffic corridors. Positioned strategically on Red Road between Flagler Street and SW 8th Street, the center draws from vibrant residential areas and proximity to major thoroughfares, making it attractive for both local retailers and service providers.
Property parameters
Living Area19482
Lot Size19482
Total Acreage0.000
Zoning Information4801
Maximum Leasable Size19482
Year Built1978
Type of PropertyRetail
Type of BusinessOffice Space, Retail Space
Street DirectionSouth West
Listed withAssured Investments Realty, LLC