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1806 SW 22nd
Home61's Closings in
Coral Way
Apex capital realty is pleased to present a freestanding multi-tenant retail/restaurant building investment opportunity. The building is located in shenandoah,a unique dense pocket that sits between calle ocho(sw 8th street) and coral way. This 2,587 sf building is divided into 2 spaces, a 837 sf laundromat space which is fully leased on a nnn basis, and a 1,750 vacant space which has been recently rehabbed. This represents an ideal value-add play by allowing an investor or owner-user to reposition the vacant space and lease it at rate of $25 psf nn which would bring the cap rate to 7. 6%. The second generation kitchen space is ideal for a ghost kitchens, commissary kitchens, specialty store or a neighborhood cafe. The space features a hood,grease-trap, walk-in cooler and freezer and an oven.
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