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Retail Property Sale in Opa Locka, FL at 701 Opa Locka Blvd for $660,000

Successful Sale of 701 Opa Locka Blvd

The recent sale of the retail property at 701 Opa Locka Blvd in the vibrant neighborhood of Opa Locka marks another successful transaction facilitated by our expert team.

Sale Overview

This $660,000 deal underscores the property's value and its strategic location in a bustling retail corridor.

Sale Price: $660,000
Address: 701 Opa Locka Blvd
Asset Class: Retail
Price per Square Foot: $135.50
Lot Size: 7,405

Building Specifications

The retail building, constructed in 1955, stands 1 stories tall with a total area of 7,405. The building encompasses 4,864 SF square feet of rentable space, perfectly partitioned to optimize retail operations.

Location Benefits

Proximity to major transportation hubs
Near renowned business centers
Adjacent to popular dining and retail locations

Sale Details

The office condo was sold for $585,000, reflecting a price per square foot of $441.51. The transaction was facilitated between a private seller and the buyer, a savvy investor recognizing the property's potential in such a sought-after location.

Full Price: $660,000
Price per SF: $135.50
Seller: Private Investor

Market Analysis

The local real estate market in Opa Locka is experiencing a significant uptick, driven by increased demand for retail spaces and investor interest. This property aligns with current market trends, offering a blend of affordability and premium location that appeals to retail investors.

Rising demand for commercial properties
Increasing property values in Doral
Strategic investment location

Conclusion

This sale reaffirms the property's appeal and strategic importance in Opa Locka's retail landscape. Our team's expertise was crucial in navigating the complexities of this transaction, ensuring a seamless experience for both buyer and seller.