10240 SW 56th St # 105

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10240 SW 56th St # 105

miami, FL 33165
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

10240 SW 56th St # 105 is situated in the Miller Heights neighborhood of Miami, fronting the active Miller Road corridor. The property is positioned within a dense residential and commercial pocket, providing immediate access to the Florida Turnpike and the Palmetto Expressway. The surrounding area features a variety of established shopping centers, local dining options, and professional services. High daily traffic counts and proximity to public transit stops enhance the visibility and accessibility of this location. The asset is configured for retail operations requiring a mix of storefront visibility and functional floor space. Potential use cases include specialty boutiques, service-oriented businesses, or satellite health clinics. The typical tenant profile consists of local entrepreneurs or regional franchises seeking to leverage the strong demographics of the Kendall and University Park submarkets. The site is suitable for businesses that benefit from repeat local clientele and high residential density.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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