Two Retail Buildings totaling 12,700sf on 12,000sf lot fronting High Traffic 79 st and in a Development Hot Spot. Two folios, underlying zoning is T-6-8-O allowing for a multitude of uses and the possibility of vertical development. Pro-forma rents for renovated building are approaching $45psf net in the area. Building do require a total overhaul and renovation. The site is at the epic-center of Miami’s next development boom. The site is just adjacent from the former-INS Site where a Mega-Project is in the works, as well as other major local hotspots like Ironside, Citadel, Emancipator Creative Spaces, and much more.
260 NE 79th St, Miami, FL, 33138
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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