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16460 Ne 16th Ave, North Miami Beach, FL – $1,350,000

  • $1.4M Price
  • 159 DOM
  • $1.4M Price
  • 159 DOM

16460 Ne 16th Ave

This Corner strip center is off a high traffic street and is comprised of 5 units with great visibility. First time on the market in 25 years. Less than a half a mile from super Walmart and close to the beaches and Aventura. Neighborhood re-gentrifying with 1k new units under construction. Possible upside potential includes adding a second story and an opportunity for rent increases. Across the street from amphitheater and newly built North Miami recreational park that supplies high demand to the shopping center. Units are in good condition. The building passed 40-year inspection. New a/c units in 4 units. Long term tenants are a gourmet specialty food shop (Indian), Latin restaurant, day spa, barber shop, and a nail salon. Owner is the property manager and is retiring.

Essential Information

  • MLS® #A10655656
  • Price$1,350,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built1969
  • TypeCommercial Sale
  • StatusActive

Community Information

  • Address16460 Ne 16th Ave
  • Area22
  • CityNorth Miami Beach
  • CountyMiami-Dade County
  • StateFL
  • Zip Code33162-4052

Amenities

  • ParkingCommon, Handicap

Interior

  • InteriorConcrete, Tile
  • HeatingNone
  • CoolingCentral Air
  • # of Stories1
  • StoriesOne

Exterior

  • RoofConcrete
  • ConstructionBlock

Additional Information

  • Date ListedApril 12th, 2019
  • Days on Market159

Listing Details

Listing Courtesy of

One Sotheby's International Realty

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®, and is updated as of September 18th, 2019 at 2:17pm EDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Platinum Real Estate shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2019 MLS of MAR.

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