116 SOUTH MIAMI AVE, Miami
$3,000,000 USD
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| Address | 116 SOUTH MIAMI AVE, Miami |
| Building Name | Messina Building |
| Type of Property | Retail |
| Type of Business | Other Type, Retail Space |
| Price | $3,000,000 |
| Previous Price | $3,999,000 (92 days ago) |
| Property Status | Active |
| MLS Number | A11704370 |
| Property Size | 4480 |
| Lot Size | 4480 |
| Year Built | 1901 |
| Folio Number | 01-01-12-040-1030 |
| Zoning Information | 6401 |
| Days on Market | 326 |
Detailed Description: Stand Alone Retail building in downtown Miami, FL. Investor potential proforma 6% cap rate for new owner. Owner-occupied. Also, potential development Site. Build up to 102 units as in a Transit Oriented Development (“TOD”) area using the Live Local / SB-102 Act. Zoned T6-80-O. Close to Luxury Developments, Flagler Street Promenade and the Miami Ave Metro-station at SE / SW 1st Street. Minutes to Brickell City, Miami World Center, and Kaseya Centers; Arts and Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Shop at Whole Foods, Publix and Aldi. Set amongst tourist destinations, offices, and dining / nightlife and sports.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33130 |
| Address | 116 SOUTH MIAMI AVE |
| Section | 12 |
| Zip Code (4 Digits) | 1605 |
Financial Information
| Price | $3,000,000 |
| Price per Foot | $0 |
| Previous Price | $3,999,000 |
| Folio Number | 01-01-12-040-1030 |
| Tax Amount | $41,774 |
Full Descriptions
| Detailed Description | Stand Alone Retail building in downtown Miami, FL. Investor potential proforma 6% cap rate for new owner. Owner-occupied. Also, potential development Site. Build up to 102 units as in a Transit Oriented Development (“TOD”) area using the Live Local / SB-102 Act. Zoned T6-80-O. Close to Luxury Developments, Flagler Street Promenade and the Miami Ave Metro-station at SE / SW 1st Street. Minutes to Brickell City, Miami World Center, and Kaseya Centers; Arts and Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami’s Airport or Brightline. Shop at Whole Foods, Publix and Aldi. Set amongst tourist destinations, offices, and dining / nightlife and sports. |
| How to Reach | Owner Occupied. Potential Dev Site and potential 6% cap if leased up. Text agents for internal videos of existing space. See attached OM. |
| Water Description | Public |
| Sewer Description | Public Sanitation |
Property parameters
| Living Area | 4480 |
| Lot Size | 4480 |
| Total Acreage | 0.000 |
| Zoning Information | 6401 |
| Maximum Leasable Size | 4480 |
| Year Built | 1901 |
| Type of Property | Retail |
| Type of Business | Other Type, Retail Space |
| Building Name | Messina Building |
| Street Direction | South |
| Listed with | The Hoffmann Group Real Estate |