3432 Red Rd Miramar, FL 33025
- Retail properties
- 1,200 SF
Current Use by Public Records
- Retail properties
Property Details for 3432 Red Rd
- Property size
- 1,200 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 1,200 square foot storefront, located at 3432 Red Road in Miramar, Florida (33025), presents a unique investment opportunity. Currently vacant, this property is ideally suited for a hair salon or similar retail business, boasting a fully equipped interior ready for immediate operation. The asking price is $40,000, offering a negotiable sales price for motivated buyers. The property is a single-tenant retail space, categorized as a storefront, and operates under a NNN lease with 1.5 years remaining on the current term. Monthly rent is $5,000, inclusive of taxes and CAM charges. The property enjoys a prime location in Miramar, benefiting from high foot traffic. Prospective buyers should be prepared to demonstrate good credit, as a security deposit is required by the shopping center. This turnkey operation minimizes setup time and maximizes return on investment. The property's 1.5% cap rate reflects the current market conditions and the potential for strong rental income. This is an excellent opportunity for an investor seeking a low-risk, high-reward venture in a thriving Florida market. Serious inquiries only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miramar
- County
- Broward
- State
- Florida
- Longitude
- -80.2958
- Latitude
- 25.9773
