The subject property includes three contiguous parcels totaling 7,877 SF and a 4,000 SF building, which encompasses outdoor dining. There are 15 parking spaces available. The offering is a single-tenant NNN retail occupied by Woody’s Tavern Grill, which just signed a new 10-year NNN lease with (1) 5-Year Option with 4% annual increases. The first year of the lease operates under a gross rent model, transitioning to a NNN lease from Year 2 onwards, yielding an 8% cap rate. This shift significantly reduces landlord responsibilities for operating expenses, taxes, and insurance. This property offers a robust investment opportunity with a strong tenant in place, a renovated structure.

This listing is courtesy of Rayza Perez at Dwntwn Realty Advisors LLC em:realestate@rayzaperez.com ph:786-325-9928.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0530240010830 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 05-0240-001-0830 (0530240010830)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 600 Payne Dr
City: Miami Springs
State: Florida
Zip Code: 33166-4975 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 1,250
Actual Square Feet: 1,250
Adjusted Square Feet: 1,250
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Lot Size - English*
Lot Size (sf): 2,550
Lot Size (acres): 0.06
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Building Size - Metric*
Living Square Meters: 116.13
Actual Square Meters: 116.13
Adjusted Sq M: 116.13
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Lot Size - Metric*
Lot Size (sq m): 237
Lot Size (ha): 0.02
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Zoning & Land Use*
Land Use: 2111 - Restaurant Or Cafeteria : Retail Outlet
Zoning: 6300 - Commercial - Restricted
Municipal Zoning: B-2 (Miami Springs)
All Listed | All Properties
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Prior Sale*
Type: Qual on DOS, multi-parcel sale
Qual: Q
Date: 09/07/2021
Amount: $700,000
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Prior Sale #2* (Second to Last)
Type: Involving non-typical personal property
Qual: U
Date: 07/27/2018
Amount: $1,195,000
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Prior Sale #3* (3rd to Last)
Type: Involving non-typical personal property
Qual: Q
Date: 07/26/2010
Amount: $325,000
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Taxable Values*
Tax Year: 2023
Land: $114,750
Building: $245,250
Total: $360,000
Assessed: $360,000
County Taxable: $360,000
City Taxable: $360,000
Mill Code: 0500
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Ownership*
Owner 1: O And J Re Holdings Llc
Mailing Address: 24 Euclild Dr
Mailing City: Miami Springs
Mailing State: Fl
Mailing Zip: 33166
Mailing Country: USA
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Building Information*
Stories: 1
Year Built: 1950
Effective Year Built: 1950
Extra Features 1: Cent A/c - Comm (aprox 300 Sqft/ton)
Extra Features 2: Patio - Concrete Slab
Extra Features 3: Patio - Concrete Slab W/roof Aluminum Or Fiber
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Legal Description*
Legal Description Concatenated: FEC ADD TO HIA PB 20-14 BEG NE COR OF BLK 24 WLY50FT SLY 25.5FT ELY50FT NLY25.5FT TO POB LOT SIZE 25.500 X 50 OR 19151-0028 0500 2(2)

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.