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387 NE 167th St
North Miami, FL 33162

For Sale
Property Description

Chariff Realty Group brings you this unique leasing opportunity in North Miami, Florida. This fully built-out commercial space has everything you need to start running your restaurant business asap.

• Built in 1950 but fully re-built by 2010 (with CO and permits)

• This is a great investor’s opportunity with significant ROI in less than 8 years (with over 12% APR return)

• Completely new electricity 400amp and 250amp

• New plumbing system including replacement of all the black water drain pipes

• Brand new grease trap

• New A/C compressors (as well as a new walk-in cooler compressor)

• 5’ heat & 13’ grease hoods with new motors and fire suppression system

• Roof was recently fully water-tied resealed, plus new gutters added

• Brand new gas lines with 2 dedicated LPG tanks

• Subject property features 4 parking spaces in front, and 20 (public) parking spaces in the back

• Freshly painted

• 15 years lease (renewable every 5 years)

Basic Details
For Sale
Investment
$495,000
1,443 Sqft
3,800 Sqft
B-2
Address Map
US
FL
Miami-Dade
North Miami
33162
NE 167th St
387
33162
North Miami
W81° 48' 26.9''
N25° 55' 43.5''
Attachments

Presented by

Chariff Realty Group
5801 Biscayne Blvd Miami, Florida 33137
Contact Listing Agent

Presented by

Chariff Realty Group
5801 Biscayne Blvd Miami, FL 33137
Contact Listing Agent

Presented by

Chariff Realty Group
5801 Biscayne Boulevard
Contact Listing Agent
Contact Agent
Contact Agents

Presented by

Chariff Realty Group
5801 Biscayne Blvd Miami, Florida 33137
Contact Listing Agent

Presented by

Chariff Realty Group
5801 Biscayne Blvd Miami, FL 33137
Contact Listing Agent

Presented by

Chariff Realty Group
5801 Biscayne Boulevard
Contact Listing Agent