For Sale
$474,000

168 1St StMiami, FL 33131

Prime Office, Vacant, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 1,660 square foot office space is available for sale in the prestigious Huntington Building, located in the heart of downtown Miami, Florida. Situated on the 12th floor of a 13-story building, this single-unit, Class B office boasts a versatile layout, perfect for a variety of professional uses. Currently vacant, this property presents a unique investment opportunity with a 6.87% cap rate and a pro-forma NOI of $32,548. The asking price is $474,000. The space features eight individual offices, a conference room, and one bathroom. The property is zoned 6401 COMMERCIAL and sits on a 1,660 square foot lot (APN: 01-4138-039-0120). The HOA fee is $685.13 monthly and includes water; electricity costs are an additional $104.64 per month. The building has recently undergone renovations and meets all Miami building code requirements. This location offers unparalleled access to downtown Miami's vibrant business district, making it an ideal choice for businesses seeking a prestigious and convenient address. The property is offered as a net-net lease. While a rental option of $4,000 per month or $2,100 per half is available, this listing focuses on the sale of the property.

Highlights

  • $474,000 asking price for a 1,660 SF Class B office condo in Miami, FL.
  • Located in the Huntington Building, a recently renovated building in downtown Miami.
  • 12th-floor unit with eight offices, one conference room, and one bathroom.
  • Vacant, offering a 6.87% cap rate and a pro-forma NOI of $32,548.
  • NN lease type, single-tenant occupancy.
  • APN: 01-4138-039-0120.

Property Details for 168 1St St

Property type
Office properties, Medical offices
Square Feet
1,660 SF
Class
B
Buildings
1
Stories
13
Units
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7732425
Longitude
-80.1904924
168 1St St, Miami, Florida

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168 1St St
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