Bay Harbor Restaurant or Retail/Real Estate for sale

Bay Harbor Islands, FL (Miami-Dade County)

Bay Harbor Restaurant or Retail/Real Estate for sale
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Asking Price: $850,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 1,700

FF&E: N/A

Year Built: 1982

Bay Harbor Restaurant or Retail/Real Estate for sale

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Property Description

Bay Harbor Restaurant or Retail/Real Estate for sale

BUILDING DESCRIPTION:
6 story building, (lawyers, medical, etc...)
Free Retail space on ground floor facing Kane Concourse
Can be leased for restaurant, bakery, ...( 16 Large Windows)
Historical used as restaurant , hair dresser.
High visibility Corner building on heavy traffic beautiful landscaped
Kane Concourse in BAY harbor Islands.
Walking distance to:
- Bal Harbor Mall,
- Ocean beaches of Bal Harbor
- Surfside commercial area restaurants and shops.
Right in the center of Bay Harbor two block commercial area with its shops and restaurants. Bay Harbor a new booming area.
2 news Hotels very close open in 2018 :
- Grand Beach Hotel Bay Harbor
- Tryp Hotel
Huge project under construction few blocs down with hundred of residential units + offices+ retail

Detailed Information

Location:
Bay Harbor Islands, FL
Type:
Retail
Building SF:
1,700
Building Status:
Established
Facilities:
Parking Spaces 5 Parking visitors for free Estimated Gross Rent $ 8,500 / month Space Divisible/Existing in retail : Hood + Grease trap New pipe on all space. Property tax 2018 $ 10,728. (1) Maintenance /month $1,685.98 (2) (include rent of land of lease) $20,231.76 /year Total monthly cost $2,580 (1)+(2) Total yearly cost $30,960 Monthly rent net + $5,920 NOI + $ 71,040 Cap rate +7% net Time left / Land Lease 60 years Retail purchased 12/2014 for: 1,050,000+ $50,000 Renovation
Financing:
Financing Available
Reason for Selling:
Family related
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Property Listed By:
JUAN ORELLANA

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