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123rd Street Retail

Summary
  • Listing Price: $2,100,000
  • CAP Rate Current: 6.31%
  • Lot Size: 0.19 Acres
  • Approx Year Built: 1965
  • Price Per Sq Ft: $412.57
Investment Highlights
  • 100% Occupied
  • 5,090 SF, Five-Tenant Strip Center in North Miami
  • Located at the Signalized Corner of NE 123rd Street & NE 16th Avenue
  • Excellent Visibility and Frontage Along Busy 123rd Street
  • Good Tenant Mix with Strong Historical Occupancy
  • Exposure to Bal Harbour Traffic from the Broad Causeway
  • Nearby Biscayne Boulevard
  • Over 10% Population Growth in Immediate Area Since 2010
  • Traffic Counts Along this Section of 123rd Street Exceed 30,000 Vehicles Per Day