For Sale
$50,000

7624 22Nd AveMiami, FL 33147

High-return Miami retail investment. Motivated seller.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional redevelopment opportunity in Miami, Florida, at 7624 NW 22nd Ave, 33147. This 816 sq ft Class C storefront, built in 1954, sits on a single story building and offers high occupancy (100%) with multiple tenants. Currently leased to a lash technician ($400/month) and a hairstylist ($600/month) on six-month leases. The property features two private rooms, ideal for beauty or wellness services. The asking price is $50,000, with a triple net (NNN) lease structure. Three parking spaces are available. Rent increases annually by 5%. The property is suitable for a variety of uses, including beauty studios, salons, barbershops, and wellness businesses. This is a multi-tenant property with a remaining lease term of two years. No credit rating is available for the current tenants. This is a great investment opportunity for a motivated buyer seeking a high-return property in a prime Miami location. The property is not subject to a ground lease.

Highlights

  • $50,000 asking price for a Miami, FL storefront.
  • 816 square foot, Class C retail building.
  • 100% occupied multi-tenant property with two current tenants (lash tech and hairstylist) on short-term leases.
  • NNN lease, 5% annual rent bumps.
  • Three parking spaces.

Property Details for 7624 22Nd Ave

Property type
Retail properties, Retail space
Square Feet
815 SF
Class
C
Year Built
1954
Buildings
1
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8443414
Longitude
-80.2337476
7624 22Nd Ave, Miami, Florida

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7624 22Nd Ave
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