For Sale
$4,850,000

681 108Th StMiami, FL 33168

High-Income Retail Property, Miami, FL

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Miami retail property, located at 681 NW 108th St, offers a compelling investment opportunity. The 11,133 square foot, two-story building sits on a 0.26-acre lot (APN 3021360182560) and boasts 7,912 square feet of net rentable space, currently divided into thirty-three individual salon suites ranging from 90 to under 200 square feet each. The property is zoned 6062 and was built in 1972. Currently, the second floor is fully leased, while the first floor is in the lease-up phase. Once fully stabilized, the property is projected to generate $500,000 in annual gross income. The strategic location adjacent to I-95, with its daily traffic of approximately 240,000 vehicles, provides exceptional visibility and accessibility. The asking price is $4,850,000 ($435.64/sq ft, $2,425,000/unit), representing a fee simple ownership. Furthermore, the property presents significant redevelopment potential, allowing for expansion up to four stories. This is a rare chance to acquire a high-income-generating retail property with substantial upside in a prime Miami location.

Highlights

  • $4,850,000 Asking Price for a Fee Simple Retail Property
  • 11,133 Total Square Feet, 7,912 Net Rentable Square Feet
  • Located at 681 NW 108th St, Miami, FL 33168, in Miami-Dade County
  • Two Units, each priced at $2,425,000, with a $435.64 Price Per Square Foot
  • Built in 1972, situated on a 0.26-acre lot (APN: 3021360182560), zoned 6062, and offering redevelopment potential.

Property Details for 681 108Th St

Property type
Retail properties
Square Feet
11,133 SF
Year Built
1972
Units
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8737116
Longitude
-80.2094391
681 108Th St, Miami, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
681 108Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message