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501 NE 31st St #CU-1
Miami, FL 33127
Asking Price
$5.40M
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 7,108 SqFt <ul><li>7,108 SF corner retail space across two levels (3,554 SF per floor) at Paraiso Bayviews in Edgewater</li><li>Flexible configuration — lease the full two-story unit or take individual floors to fit your footprint</li><li>Full-height glass façade with double-height exposure and the largest commercial glass frontages in the building (among the largest in the area)</li><li>Private elevator servicing the two-level space</li><li>11 dedicated parking spaces</li><li>Vanilla box condition —
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NOI
$80,000
Cap Rate
1.48%
DSCR
0.25
Underwater
Cash-on-Cash
-14.85%
Monthly Payment
$26,716.254
Annual Cash Flow
$-240,595.044