275 Ne 18th St Unit #CU02-CU10, Miami, FL 33132

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List Price
$19,900,000
Days on Market
155
Price Change
▼ $1,099,999 1793317247
MLS#
A12034348
Lot Size
51,178
Acres
1.36
Building Name
1800 Biscayne Plaza

Property Description

Exceptional 18,781 SF Class A retail portfolio in Miami's Edgewater neighborhood. 100% occupied with a diverse, credit-worthy tenant mix anchored by JP Morgan Chase and positioned adjacent to Publix. • New Pricing: $19,900,000 (5.17% Current Cap Rate / 5.56% 10-Yr Average). • Seller Financing: Highly attractive terms available up to $9M at 6.5% Interest-Only (5-7 year term), drastically maximizing Cash-on-Cash returns. Sale includes 36 excess parking spaces located inside the residential tower. These spaces can be sold off individually to condo residents (current market value $35K-$55K/each) for an immediate return of capital, without affecting the dedicated retail parking on the ground floor and rear exclusive-use lots. Positioned on Biscayne Blvd with superior visibility. Over 10,000 residential units within a 1-mile radius provide a substantial built-in customer base. Turnkey, income-producing trophy asset ideal for 1031 Exchange buyers seeking dependable cash flow and aggressive seller debt. Contact for full OM and pro forma.

Additional Information

Community Features
Not Found
Property Description
Commercial Condo, Office, Retail
Zoning
6402
Heating
Central Individual A/C
Air Conditioning
Central Individual A/C
Exterior Construction
Concrete Block Construction
Roof
Concrete

Listing Courtesy Of Xfera Realty Group, LLC., Contact:

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