Active
441 Central Avenue 441-19
Other City - Not In The State Of Florida FL, 10606
$10,670,000
$426.80 per sqft
Active
25,000 sqft
Commercial
Built in 1982
Great location for a very safe investment property, Gross Income over $1.5 Million in 2024, after expenses you get $930,000 dollars, a nice CAP of 7.5% in the cash-to-cash approach. Please do not go without coordinating with listing agent or owners. Do not talk to employees. This is a gold mine, and the seller already got the final approval for a brand new 4 story building, with 88 new keys & 100 parking spaces, add 7,000 Sq Ft of commercial use space for restaurant, coffee shop, etc. NDA is mandatory to get financial information and coordinate inspections. Fast closing desired. Send LOI as soon as possible to listing agent. The cash is there and all the tools for an amazing investment, or perhaps a joint venture may be possible. Marriott Residences are waiting for the new developers.
F10491315
MLSⓇ ID
March 9, 2025
Listed
March 14, 2025
Updated
Interior Features
Total Stories
2
Floor Description
Carpet, Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.52 Acres
Roof
Concrete
Sewer
Public Sewer
Security
Fire Sprinkler System, Other, Smoke Detector(s), Security Lights
Other Property Details
Area Name
5940
Taxes
$24,000
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking
Guest, Valet
Parking Total
80
View
No
County
Other
Water Source
Public
Listing History
Date | Event | Price |
---|---|---|
3/12/2025 | Price change | $10,670,000 -15% |
Listed by: United Realty Group Inc
Listing Contact:
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Data last updated 12:48 AM UTC, 3/14/2025