1 S 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 S Royal Poinciana Blvd
- Year built
- 1948
- Construction
- CONCRETE
- Lot size
- 0.77 lot acres
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Commercial land
- APN
- 05-3119-013-0010
- APU
- 531190130010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 26, 2022 | $2,800,000 | Flagler Ponce Development LLC | Florida Conf Assn Of Seventh Day Ad | Special Warranty Deed | — |
| Oct 17, 2018 | $4,650,000 | Springs Town Center LLC | Parkway Canal Properties INC | Warranty Deed | $1.4M · Apollo Bank |
| Mar 21, 2001 | $750,000 | Parkway Canal Properties INC | Hook Trust | Grant Deed | — |
| Mar 21, 2001 | — | Parkway Canal Properties INC | James J Hook Estate | Grant Deed | $313k · Eduardo & Lilliam |
| — | — | Parkway-canal Properties INC | — | Deed Of Trust · related | $350k · Continental Nat'l Bank Miami |
| — | — | Parkway-canal Properties INC | — | Deed Of Trust · related | $844k · Continental Nat'l Bank Miami |
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 Estimations
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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
