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9333 NW 27th Ave

Miami, FL 33147

$975,000

Auto Dealership For Sale  •  2,041 Sq Ft

Property Details

  • Property Type Auto Dealership
  • Total Building Size 2,041 Sq Ft
  • Lot Size 0.69 ac
  • Building Class B
  • Year Built 1955
  • Cap Rate 6.61 %
  • Zoning NCUAD
42 Transit Score
63 Walk Score

Description

ONE Sotheby's International Realty commercial division is proud to present the following exclusive listing. The property consists of 2 folios totaling 30,000 SF of land with a 2,041 SF building currently used as retail used car dealership.  Property is on the corner of NW 27 ave and 93 Terrance. AADT 42,500 daily traffic count. If purchased as an investment the buyer would immediately get an 6.6% CAP rate, however for the re-development buyer property has a kick-out clause if it exchanges ownership.

Highlights

Grandfathered in Used car Sales zoning.
Located in the path of growth

Property Flyers

Financial Summary (Actual)

Net Operating Income: $64,504 (2017)
Cap Rate: 6.61 %
Total Expenses: $7,496

Major Tenants

Tenant SF Occupied Lease End Date
Miami Gold Auto Sales 2,041 SF 4/30/2022
Federico Rojkes 305-299-8844 One Sotheby's International
Federico Rojkes 305-299-8844 One Sotheby's International