1330 54Th St Miami, FL 33142

Property Details for 1330 54Th St

Year built

1951

Construction

CONCRETE

Lot size

0.10 lot acres

Property size

1,080 SF

Zone code

6101

Property type

Retail residential properties

APN

01-3123-012-0260

APU

131230120260

Description

This exceptional mixed-use property, located at 1330 NW 54th St, Miami, FL 33142, presents a compelling investment opportunity. The 2,200 square foot building, constructed in 1951 and renovated in 2020, boasts a Class B rating and sits on a 4,500 square foot lot. Currently operating at 100% occupancy with a net lease, the property generates a substantial NOI of $84,600, resulting in a compelling 10.58% cap rate. The building features two units, two loading docks, and one 14-foot dock-high door, with a 14-foot ceiling height. Twelve parking spaces are available for tenants and patrons. Zoned MIXED USE-STORE/RESIDENTIAL (T5-0), allowing for high-density development of office, retail, residential, warehouse/storage, or hospitality uses, with building heights capped at five stories. An additional 10,000 square feet of air rights provide significant future development potential. The property is situated in a Miami Opportunity Zone, offering potential tax advantages. The asking price is $800,000. Annual expenses include approximately $3,600 for electricity, $2,400 for water, $1,800 for waste removal, $1,440 for internet, $3,600 for maintenance, $3,453.79 for property taxes, and $6,000 for property insurance. Owner financing may be available to qualified buyers.

Location Insight

City

Miami

County

Miami-dade

State

Florida

Longitude

-80.2189

Latitude

25.8244

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments