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DIXIE CENTER

17524-17528 SOUTH DIXIE HWY
MIAMI, FL
Sold Price: $650,000
MLS Number: A10199130
Year Built: 1948
Building Size: 2,187 Square Feet
Lot Size: 14,960 Square Feet
Property Type: Retail
Property Status: Sold
Description:

SOLD

Attention: Investors Opportunity -Subject property is a 3 Tenant Commercial Multi-tenant Strip Retail Center on 14,960 sq ft paved lot. This 2,187 sq ft building was just recently renovated and is 100% leased to long term tenants. Property has BU-3 Liberal Zoning and faces the Palmetto Bay central business district on US 1 and 175 St. This is an excellent turn key property for an owner wanting little or no maintenance or investor to later reposition as one retail user.
Gross Income:
$ 1,606.86 Bonded Pawn
$ 1,200.00 Car dealer
$ 1,719.00 Alpine Towing
$ 4,525.86 per month x 12 = 54,310.32 Gross income.
Expenses:
$ 40.44 Miami Dade Water & Sewer
$ 199.31 Progressive waste management
$ 270.00 Property Insurance
$ 434.00 Property taxes
$ 40.00 Electrical (house meter)
$ 252.00 Sales tax
$ 100.00 General maintenance
$1,335.75 per month x 12 = $ 16,020.00 Expenses
NOI – $ 38,290.00

South On US1 next to Auto Zone and across from Golden Rule Seafood.

http://www.loopnet.com/Listing/20108997/17524-17528-South-Dixie-Highway-Miami-FL/