1762-1760 SW 22nd Terrace, 1762-1760, Miami1762-1760 SW 22nd Terrace, 1762-1760, Miami, FL 33145
- $ 5,100,000
- Year build
The Coral Way Portfolio consists of two free-standing contiguous net lease restaurants with NNN tenants in-place 1760 & 1762 Sw 22nd Street. The leases run through the next 5 years with annual increases and renewal options. Both buildings were recently fully renovated and converted into restaurants between 2019 and 2021, with fully redone commercial kitchens and new plumbing, roof, impact windows, 275-gallon grease trap, 3-phase/400-amp power. Everything has been updated. The tenants are both well-known local restaurateurs who have built a dining concept for the neighborhood. This is an ideal opportunity for a 1031 exchange buyer or an investor to hold as an income-producing asset in their portfolio. There is also the potential for future redevelopment.
Listing Courtesy of FlatFee.com