Miami-Dade Predefined Commercial Types
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Palmetto Bay, Florida 33157 $3,100,000 $3,400,000
| Sq.Ft: 150,000 | PSF: $20.67 | Type: Commercial/Investment |
This project has been approved for five levels on a double corner location within the Downtown Urban Village Eureka Sector, also within a Federal Qualified Opportunity Zone, and may also be approved for the Live Local Workforce Housing Initiative Act under the Florida Housing Finance Corporation. Excellent frontage on three roadways including S.W. 184th Street, Eureka Drive, and S.W. 97th Avenue, Franjo Road offer a dynamic of value and accessibility. Excellent candidate for 1031 tax exchange.
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Palmetto Bay, Florida 33157 $1,500,000
| Sq.Ft: 21,617 | PSF: $69.39 | Type: Commercial/Investment |
This medical office is situated in Coral Reef Medical Park, directly across street from Jackson South Medical Center, on the corner of US1 and SW 152 Street, and just 2 miles east to Florida Turnpike, an excellent transportation connection and high traffic exposure. Spanning 3,018 sqft, this renovated medical suite provides 12 doctor offices/exam rooms, 2 spacious waiting areas, 2 dedicated receptionist rooms, 1 fully equipped kitchen, 3 bathrooms, 1 storage and 1 shower. A brand-new roof and a state-of-the-art elevator were just installed in year 2023. This medical suite is 95% occupied by top-notch tenants and has over 7.32% cap ratio. investors can expect a solid return on investment and long-term stability.
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