For SaleRetailActive
275 NE 18th St Cu02-Cu10
Miami, FL 33132
$19,900,000
152 Days On Site
- 20,000Sq Ft
- $995Per Sq Ft
- 1.36Acres
- County
- Miami-Dade
- MLS®
- A12034348
Overview
Exceptional 18,781 SF Class A retail portfolio in Miami's Edgewater neighborhood. 100% occupied with a diverse, credit-worthy tenant mix anchored by JP Morgan Chase and positioned adjacent to Publix. • New Pricing: $19,900,000 (5.17% Current Cap Rate / 5.56% 10-Yr Average). • Seller Financing: Highly attractive terms available up to $9M at 6.5% Interest-Only (5-7 year term), drastically maximizing Cash-on-Cash returns. Sale includes 36 excess parking spaces located inside the residential tower. These spaces can be sold off individually to condo residents (current market value $35K-$55K/each) for an immediate return of capital, without affecting the dedicated retail parking on the ground floor and rear exclusive-use lots. Positioned on Biscayne Blvd with superior visibility. Over 10,000 residential units within a 1-mile radius provide a substantial built-in customer base. Turnkey, income-producing trophy asset ideal for 1031 Exchange buyers seeking dependable cash flow and aggressive seller debt. Contact for full OM and pro forma.
Listing Snapshot
- Price
- $19,900,000
- Days On Site
- 152 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 20,000 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 1.36 Acres
- Year Built
- N/A
- MLS® Number
- A12034348
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
Property Details
General Features
10 items
- Acres
- 1.36
- Levels
- One
- Parking
- Assigned, Common, Covered
- Parking Spaces
- 36
- Property Sub Type
- Retail
- Security
- Security System, Fire Sprinkler System, Smoke Detector(s), Security Lights
- Sewer
- Public Sewer
- SqFt Total
- 20,000
- Water Source
- Public
- Zoning
- 6402
Interior Features
3 items
- Cooling
- Central Air
- Flooring
- Concrete
- Heating
- Central
Exterior Features
3 items
- Construction Details
- Block
- Road Frontage
- City Street
- Roof
- Concrete
Community Features
2 items
- MLS Area
- 32
- Financing Terms Available
- Cash, Conventional
Location
275 NE 18th St Cu02-Cu10, Miami, FL 33132 · 32
Neighborhood & Commute
ZIP Code 33132
- Median household income
- $87,747
- Income per person
- $60,231
- Households
- 8,352
- Average household size
- 1.80
- Median age
- 35.1
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Price changed to $19,900,000
- Status changed to Active
- Listing first seen on site
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