Public records reflect this two-story, free-standing building to be 19,955 sf. However, recorded size does not include a mezzanine level, full kitchen, and indoor parking area which is approximately 5,000 sf. The actual square footage is approximately 30,000 sf of usable space (apo). This property is zoned IU-1, with special zoned use for adult entertainment, and located in an opportunity zone. The building was constructed in 1969 and recently underwent a full renovation in 2017/2018. The building contains 28 interior garage parking spaces, and 81 outside parking spaces. 40-year inspection is completed. The real estate is 91,655 sf, a corner lot, and included in the sale. Seller requests a closing date no sooner than April 15, 2024, and seller will remove much of the FF&E prior to closing.
Miami, FL, 33166
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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