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"adam & Eve Salon Suites" 681 Northwest 108th Street, Miami, FL 33168
Shopping Center / Retail
Property Description
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.
Area Description
SITE DETAIL
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Land Size: 0.77 Acre
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Zoning: UC-MC
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Parcel ID: 30-2136-018-2560
Highlights
PROPERTY HIGHLIGHTS
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11,133 (2) story office building
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Newly remodeled in 2024
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$500,000.00 in rent when fully stabilized
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Redevelopment Potential
LOCATION HIGHLIGHTS
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Abutting I-95
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West Miami Shores subdivision
Full Address: 681 Northwest 108th Street, Miami, FL 33168
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Zoning: UC-MC
Region: S-SE
County: Miami-Dade County
Business Type: Beauty Salons, Barber Shops
Property ID: 4044738
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Gas: Yes
Has Sprinkler: Yes
Traffic Count: 240,000 VPD
Building Sf: 9265
Parcel Num: 30-2136-018-2560
Number Buildings: 1
Cap Rate: 10.31
Tenancy Type: Multi-Tenant
PROPERTY HIGHLIGHTS 11,133 (2) story office building Newly remodeled in 2024 $500,000.00 in rent when fully stabilized Redevelopment Potential LOCATION HIGHLIGHTS Abutting I-95 West Miami Shores subdivision