Office building in the City of Miami Gardens

$3,950,000
For sale

4005

Property ID

13,684 SqFt

Size

Description

Marcus & Millichap is proud to present for sale 194 NW 187th St, a freestanding 13,684 square foot office building situated on 1.32 acres of land, located in the City of Miami Gardens.​

This office building was constructed in 1985 and has been exceptionally maintained throughout the current ownership tenure.​

Currently there are 47 surface spaces with a parking ratio of 3.43 per 1000 SF.​

For those looking to redevelop, zoning allows opportunities to transition to a triple net, single tenant property at approximately $20 per SF.​

The current zoning is Neighborhood Commercial (NC).​

Miami Gardens is home to the Hard Rock Stadium, St.​ Thomas University, and Calder Racetrack.​

The city is bordered by North Miami Beach from the east, Opa-Locka to the south, and by Broward County from the north.​

This property is conveniently located within 10 minutes of public transportation, 5 minutes to I-95, and 20 minutes to Fort Lauderdale International Airport.​

Over 60,000 vehicles per day drive along NW 2nd Ave, one block from the subject property.​

This is a corner lot with 450 feet of frontage on NW 1st Avenue and NW 187th St.​

Miami Gardens continues to attract international buyers, big businesses, and real estate developers.​

Highlights

  • ​47 surface spaces with a parking ratio of 3.43 per 1000 SF
  • ​Current Zoning is Neighborhood Commercial (NC)
  • Corner lot with frontage toward NW 1st Avenue and NW 187th St of 450 feet
  • ​Close Proximity to Aventura and North Miami Beach

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Address

Address: 194 NW 187th St, Miami, FL 33169
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 4005
  • Price $3,950,000
  • Property Type Office
  • Property status For sale
  • Year Built 1985
  • Size 13,684 SqFt
  • Zoning Neighborhood Commercial (NC)
  • Lot Area (acres) 1.32
  • Price Per Sqft $288.66
  • Investment Type Value Add
  • Class B
  • Tenancy Vacant
  • Pro-Forma Cap Rate 6.93%
  • Occupancy Vacant
  • Pro-Forma NOI $273,681
  • Buildings 1
  • Stories 2
  • APN 34-2101-000-0112

Contact

Zena Bardawell Farah

Property Agent
+1 305-967-7200
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