681 Northwest 108Th Street Cir, Miami, FL 33168
For Sale
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RE/MAX 360 proudly presents a prime business opportunity with Real Estate included in the Miami Shores area: "MIAMI SHORES SALON SUITES". This offering presents a highly lucrative cash flow opportunity along with the option to purchase the real estate. The property is a two-story office building located adjacent to I-95, which sees approximately 240,000 cars daily. It is currently divided into thirty-three individual salons, each ranging from 90 to just under 200 square feet. The second floor is fully stabilized, while the first floor is in the lease-up stage. Once fully stabilized, this property is projected to generate $500,000 in gross income annually. Additionally, the site is prime for redevelopment, with the potential to expand up to four stories. Parcel ID: 30-2136-018-2560 11,133 (2) story office building Newly remodeled in 2024 $500,000.00 in rent when fully stabilized Redevelopment Potential West Miami Shores subdivision 681 Northwest 108th Street, Miami, FL 33168 Beauty Salons, Barber Shops 11,133 (2) story office building Newly remodeled in 2024 $500,000.00 in rent when fully stabilized Redevelopment Potential West Miami Shores subdivision Each office independently owned and operated. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. If you have a disability that is preventing you from experiencing this website, call By using this site, you consent to the collection, recording, and use of some personal information by REMAX and/or its third-party providers for site operation, analytics, and third-party advertising. © 2024 RE/MAX, LLC. All Rights Reserved. 11,133 (2) story office building Newly remodeled in 2024 $500,000.00 in rent when fully stabilized Redevelopment Potential Abutting I-95 West Miami Shores subdivision
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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