1 Royal Poinciana Blvd Miami Springs, FL 33166
- Commercial land
- 13,173 SF
- 0.77 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1 Royal Poinciana Blvd
- Year built
- 1948
- Construction
- CONCRETE
- Lot size
- 0.77 lot acres
- Property size
- 13,173 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Commercial land
- APN
- 05-3119-013-0010
- APU
- 531190130010
Description
This exceptional 26,947-square-foot retail center in vibrant Downtown Miami Springs, Florida, presents a compelling investment opportunity. Completely renovated in 2023, this property boasts two single-story buildings, offering a diverse mix of 15 tenants across food and beverage, health and beauty, medical, service, and specialty sectors. The center features ample grade-level parking for convenient customer access. Currently 100% occupied, the property benefits from a robust merchandising plan with a well-balanced tenant mix of both established local businesses and new national credit tenants. All leases are triple net (NNN) with an average remaining term exceeding 10 years, incorporating annual rent increases of 3%. Many leases also include attractive renewal options. This fully stabilized investment is further enhanced by the availability of seller financing: a $9 million loan at 5% interest, amortized over three to five years. Located at 1 S Royal Poinciana Blvd, Miami Springs, FL 33166, this property is ideally situated within Miami-Dade County. Built in 1945, this meticulously renovated center offers a blend of historical charm and modern functionality, making it an exceptional addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Springs
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2804
- Latitude
- 25.8215
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
