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

 

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