Very Profitable Gas Statio Gas Sta Miami, FL 00000
- Office Properties & Spaces
- 5,473 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for Very Profitable Gas Statio Gas Sta
- Year built
- 1967
- Property size
- 5,473 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A office property, totaling 5,473 square feet, presents a lucrative investment opportunity. Located in Miami, Florida, just minutes from Miami International Airport, this single-tenant property boasts a 100% occupancy rate across its 11 units. Built in 1967, the property includes a gas station, convenience store, cafeteria serving Latin cuisine, and a busy hand carwash. The convenience store features a large cooler and office space. Currently, the carwash and cafeteria are rented on a month-to-month basis, offering the new owner the potential to significantly increase net operating income (NOI) by operating these businesses themselves or continuing the current lease arrangements. The current NOI, with the carwash and cafeteria rented, is $367,000 annually. However, projections indicate that self-operation could easily push the NOI beyond $500,000 per year. A significant advantage is the owner's control over fuel pricing and margins, currently yielding 60-70 cents per gallon. The property benefits from a long-term lease expiring in 2038 with a renewal option, and the landlord is open to extending the lease for a qualified buyer. Recently, an electronic benefits transfer (EBT) system was installed. This property is situated in a prime redevelopment area near Miami International Airport, making it an exceptionally attractive investment. The asking price is $1,999,999, and the lease type is NNN. The lot size is not specified.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2823063
- Latitude
- 25.839203
