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Property Overview
Price/Rent PSF $ 2,800,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 6,280
Date Available 12/03/2018
Additional URL Link
Floors 1
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Description

Location
The plaza is located just south of the newly approved New North Town Center project, an 18 acre pedestrian friendly mixed use development on 155th and West Dixie. The developers plan to build 1,650 apartments; 175,000 square feet of commercial space, including anchors and small in line stores; 175,000 hotel rooms and 120,00 square feet of school space.

Sale
Lee & Associates Miami is pleased to present this 6,280 square foot retail plaza consisting of two parcels located on the West Dixie Hwy corridor in North Miami. The combined site is over 1/2 an acre with approximately 200 square feet of frontage on W Dixie Hwy. The center benefits from pedestrian traffic and vehicular traffic of over 24,000 vehicles per day. Building 1 has 8 spaces all leased while building two has one single tenant space of 1,375 square feet that is currently vacant. An investor will capture value by leasing the vacancy at market rents for an additional $30,250 of income net of expenses. The site offers abundant parking in the front for customers and employee parking in the rear. The center is 15 minutes south of Aventura and just 1 mile west of US-1.

The plaza is located just south of the newly approved New North Town Center project, an 18 acre pedestrian friendly mixed use development on 155th and West Dixie. The developers plan to build 1,650 apartments; 175,000 square feet of commercial space, including anchors and small in line stores; 175,000 sf hotel rooms and 120,00 square feet of school space.

Location

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