RE/MAX Advance Realty and the Florida Commercial Team LLC are proud to present this opportunity to acquire the Shoppes of Belle Meade, located directly on Biscayne Boulevard in the hot MIMO District. This profitable strip Shopping center is 100% occupied and offers significant upside for redevelopment as well as revenue increase through re-leasing. Situated directly on Biscayne Boulevard, with a daily traffic count over 50,000 a day, the Property consists of a 7,474 SF building on .463 acres. There are a total of 36 parking spaces onsite, with 26 of those spaces in front of the Center that have been grandfathered in, as the MIMO District no longer permits parking in front of retail buildings. Current Zoning per Miami 21 permits up to 35 feet of new construction.
Investors can upgrade with new leases to significantly increase revenue or hold onto the property as a covered land play while redevelopment plans are prepared.
The existing cash flow and redevelopment opportunities make this quality asset the best value add income and development site property in Miami.
|Address:||7281 Biscayne Blvd|
|Lot Square Feet:||20,160|
|Property Type:||Retail Strip Center|
|Location:||Directly on Biscayne blvd in MIMO District|