Prime Commercial Shopping Plaza with High Visibility on Tamiami Trail, Includes a vacant buildable lot behind the building. Investment opportunity in the heart of a bustling commercial district. This well-maintained shopping plaza, strategically located on the prominent Tamiami Trail, boasts exceptional visibility and exposure, making it a sought-after destination for businesses and customers alike.
Key Features:
Anchor Tenant - Subway:
The plaza is anchored by the renowned Subway, a globally recognized brand, ensuring a steady and reliable stream of foot traffic. The presence of such a well-established tenant enhances the desirability of the entire complex.
Diverse Tenant Mix:
With a total of five tenants, including long-standing businesses, this plaza offers a diverse tenant mix, creating a dynamic and vibrant atmosphere. The stability and reputation of existing tenants contribute to the overall appeal and success of the property.
Strategic Location:
Situated on Tamiami Trail, one of the busiest thoroughfares in the area, the plaza enjoys unparalleled visibility and accessibility. This prime location ensures that businesses within the complex benefit from a high volume of daily passersby, maximizing exposure and potential customer reach.
Under-Valued Lease Rates:
The current lease rates are positioned below market value, presenting a significant opportunity for savvy investors. There is substantial room for lease rate increases, providing potential for enhanced revenue and long-term profitability.
Ample Parking:
Convenience is key, and this commercial plaza offers ample parking space for both tenants and customers. Ease of access and hassle-free parking contribute to a positive and customer-friendly shopping experience.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $959,200 | $959,200 | $959,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $638 | $638 | $638 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,221 | $6,142 | $8,488 |
Total Monthly Payment | $6,984 | $6,905 | $9,251 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.