Property is currently leased through 10/24/2023- Annual Rent of $273k.Property upgrades to include Impact Windows and Doors, 3 new HVAC systems, Electric gate, paved and restriped parking lot & New landscaping. Free-standing retail building located on the corner of SW 59th Pl and SW 71st St, has proposed plans to demolish and develop an 8-story 56-unit residence with ground floor retail and office suites. The corner lot is situated directly across from the South Miami Metro Rail Station, with ideal proximity to the nearby retail shops, University of Miami, Sunset Place Shops, and other local retail and amenities. This existing retail improvement and the lot are located within an opportunity zone that aims to increase the development of mixed-use, retail, and multi-family properties.
