681 108Th StMiami, FL 33168

This exceptional investment opportunity presents a two-story, 11,133 square foot office building in Miami, Florida, currently operating as 33 individual salon suites. Located at 681 NW 108th St, 33168, this property boasts a prime location adjacent to I-95, experiencing approximately 240,000 daily vehicle pass-bys. The building, constructed in 1972 and extensively renovated in 2024, sits on a 0.77-acre lot (APN: 30-21-36-018-2560) and is zoned UC-MC, offering significant redevelopment potential, including the possibility of expanding up to four stories. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $500,000 annually, representing a 10.31% cap rate. The asking price is $4,850,000, offering a strong return on investment. Individual salon suites range from 90 to under 200 square feet. While the second floor is fully stabilized, the first floor is currently in the lease-up phase. This presents a value-add opportunity with significant upside potential for increased revenue upon full stabilization. This fee-simple ownership provides a stable and lucrative investment in a high-traffic location.