2205 20Th StMiami, FL 33142

This exceptional 8,546-square-foot freestanding retail building in Miami's Allappattah neighborhood presents a compelling investment opportunity. Situated on a prominent hard corner with a traffic light and featuring a large advertising pylon with potential for significant additional income (up to $10,000/month), this property offers substantial upside. Currently operating under a triple-net (NNN) lease with a single tenant, the lease boasts a remaining term of 2 years and includes a 7% annual rent escalation clause. The building, constructed in 1995 and extensively renovated in 2020, features 18-foot high ceilings, a large showroom, office and warehouse areas, and 17 on-site parking spaces. The property sits on a 0.37-acre lot (16,177 sq ft) and benefits from street-level roll-up doors and two dock-high doors, providing excellent accessibility. The building's strong construction (Twin-T) includes a recently replaced roof and central AC systems. The current Net Operating Income (NOI) is $185,000, with a pro-forma NOI of $297,000. The asking price is $5,749,000, representing a pro-forma cap rate of 5.17%. The permitted zoning is 6100 COMMERCIAL - NEIGHBORHOOD. This property is ideally suited for an owner-user upon lease expiration, offering a blend of immediate income and long-term potential. The combination of a strong lease, prime location, and significant renovation makes this a rare and valuable asset.