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1762-1760 SW 22nd TerMiami, FL 33145Price: $5,100,000

  • Price: $5,100,000
  • 179 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $5,100,000List Price
  • 0.2Acreage
  • 1935Year Built

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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.

Property Details of 1762-1760 SW 22nd Ter

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Listed By Cliff Glansen Of FlatFee.com

All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2022 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc

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