Commercial in Miami for $ 36,500,000

Lot Size:53 a.
Price:$ 36,500,000 ↑ +4.3%
Tax:$ 66,031
ZIP:33132 2459
Street:1st St 22
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Remarks:International Jewelry Center, is located in the heart of Downtown Miami. Property is a Three Story 70,000 square foot complex leased to retail and wholesale jewelers. Located adjacent to the world famous Seybold Jewelry building. The property consists of a three story Galleria design, w/skylights. Finished w/modern glass storefronts, marble floors, and other impressive architectural details. The property is located within the third largest jewelry district in the United States. 50,000 of the 67,000 square feet of the property is renovated, offering investors the opportunity to both raise rental rates and renovate the remaining 20,000 square feet. Occupancy in the renovated portion is above 90%. Rents significantly below market rates. The property is zoned T6-80-0.
Community: On-site guard
Flooring: Marble floors, Tile flooring
Heat/Cool: Central air conditioning, Electric heating
Interior: Security features, Skylight(s)
Lot Size: Lot size between 1/2 and 3/4 acre
Utilities: Public water supply
This listing courtesy of RE/MAX Advance Realty.
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