COMMERCIAL AUCTIONS DAILY

Three-Suite Retail Building Auction

4200 - 4204 NW 2nd Avenue, Miami, FL 33127
7,149 SF | 17% Leased
Starting Bid: $1,200,000
Auction Starts in 18 Days
Buyer’s Fee: 3%

Investment Highlights:

• Prime Location: 7,000-square-foot, three-suite retail property in the heart of Miami’s Wynwood Norte, one of South Florida’s most dynamic retail markets.
• Immediate Cash Flow: One fully leased unit provides instant rental income, with additional leasing potential for two vacant bays.
• Value-Add Opportunity: 4202 NW 2nd Ave (1,400 SF) is newly completed and available for lease, while 4204 NW 2nd Ave (4,400 SF) is positioned for a full-service restaurant/lounge with plans submitted for city approval.
• Growing Economic Sectors: The Miami metro area continues to thrive, driven by international trade, finance, healthcare, and entertainment industries.
• Favorable Business Climate: No local, corporate, or personal income taxes in Miami-Dade County attract both businesses and residents, further boosting demand for commercial real estate.

Executive Summary:

Monster Auction Real Estate is pleased to present the 4200-4204 NW 2nd Avenue property for auction—an exceptional opportunity to acquire a high-demand commercial asset in Miami, Florida. This 7,000-SF retail building spans three bays, including one fully leased unit, offering investors immediate cash flow with the potential for value-added growth through the leasing of the remaining space.

Located in the Wynwood Norte district, this property is in a vibrant, growing neighborhood renowned for its eclectic mix of restaurants, bars, and retailers. The 4204 bay, with 4,400 SF, is ideal for a restaurant or lounge, and plans have already been submitted to the city, positioning the property for future development and rental income growth.

Why Miami?

Miami’s metro area, especially Miami-Dade County, is a major gateway to South American and Caribbean markets, with a thriving population of over 2.7 million. Recent redevelopment efforts have attracted new businesses and residents to the area, and the county now boasts the largest concentration of medical facilities in Florida. With its booming economy, strong tourism, and tax-friendly environment, Miami continues to be one of the hottest commercial real estate markets in the U.S.

Don’t miss this unique investment opportunity to secure a highly coveted retail asset in a market that promises long-term growth and stable returns.

For property tours, please schedule an appointment with the listing broker.

This version sharpens the focus on the key selling points, highlights Miami’s advantages as a business destination, and emphasizes the growth potential of the property.

Riverfront Value-Add Opportunity

Downtown Stuart | 15 SE Seminole St
25 Apartment Units | Online Auction Sale
Stuart, FL 34994

Auction Details:

Auction Dates: November 11 - 13, 2024
17 Days Until Auction
Starting Bid: $1,500,000
 

Investment Highlights:

• Prime Riverfront Location: A premier value-add multifamily asset in Downtown Stuart, featuring riverfront views, marina access, and boat dockage options. Capital improvements will immediately enhance cash flow, providing a strong return on investment.
• Proximity to Major Retailers: Located near popular national chains such as Starbucks, Chick-fil-A, Outback Steakhouse, Home Depot, and more, offering convenience and high desirability for future tenants.
• Flexible Zoning & Usage: The property’s urban waterfront zoning allows for diverse uses, including short-term rentals and multifamily housing. It is offered vacant, providing investors with a blank slate for development or repositioning.
• Strategic Location: Situated near US Highway 1 and close to Interstate 95, South Florida's primary travel artery, ensuring excellent connectivity and accessibility to key destinations.

Executive Summary:

Monster Auction Realestate, proudly presents this 25-unit riverfront value-add multifamily investment located at 15 SE Seminole Street in Stuart, Florida. This three-story property, set on 0.52 acres, offers future residents and guests access to Stuart's vibrant downtown area, renowned for its scenic riverfront views, ocean access, and proximity to a variety of dining, shopping, and cultural experiences.

The property’s Old Florida charm is beautifully complemented by its onsite boat dock, which can be extended by over 100 feet to accommodate larger boats and yachts. This feature, combined with its waterfront location, enhances its appeal for long-term residents and short-term renters alike.

The property is strategically positioned to benefit from the ongoing population growth in the area. Within a 2-mile radius, the population has grown by 2.4% over the past four years, with steady rental demand and projected rent growth of 2% to 3% in 2025, according to CoStar Analytics.

Location Benefits:

15 SE Seminole Street is situated in the heart of Downtown Stuart, providing residents with convenient access to some of South Florida’s most important travel routes, including US Highway 1 and Interstate 95. Palm Beach and Palm Beach International Airport are just under an hour away, making this location ideal for commuters and travelers.

Downtown Stuart is a charming, walkable district that exudes historic character and "Old Florida" charm. The area is defined by independent shops, sidewalk cafes, and the vintage Lyric Theatre along Southwest Osceola Street. Residents and visitors alike enjoy the Lucie River waterfront, nearby parks like Shepard Park and Memorial Park, and a variety of outdoor recreational opportunities. The presence of Cleveland Clinic Martin Health also adds convenience for residents seeking nearby healthcare services.

Rental Market Outlook:

The Stuart rental market is incredibly diverse, ranging from luxury waterfront apartments and condos to cozy houses and townhomes tucked along quiet streets. With steady population growth, increasing demand, and projected rent increases, this property presents an attractive investment opportunity in a thriving, high-demand area.

Seize this riverfront value-add multifamily investment opportunity and mark your calendar for the auction on November 11 - 13, 2024. Property tours are available by appointment—contact the listing broker for more information.

This version includes the auction details while maintaining a strong focus on the property’s features and investment potential.

Tropical Winds Resort

4 Properties Offered at $5,950,000 | Sanibel, FL

Investment Highlights:

• Prime Redevelopment Opportunity: Located steps from the shore on Sanibel Island, this investment includes four properties offering breathtaking water and sunset views. The portfolio consists of two duplexes with four cottage-style units, just yards from the hotel and beach access, as well as a six-unit Gulf-front hotel with an unobstructed view of the clear blue Gulf waters. The properties offer flexibility for reimagining the site as a family compound or maintaining its existing hotel operation with the Build-Back provision.

• Diverse Rental Potential: The six-unit hotel is one of the few properties on Sanibel Island with nightly rental zoning. Also included is a residential piling home with a pool, located across the street from the beach, offering monthly rental income potential. This unique opportunity lies on a limited commercial island, protected by strict zoning laws that prevent new commercial development, making these properties even more valuable.

Executive Summary:

The Tropical Winds portfolio is a rare chance to invest in four contiguous parcels on Sanibel Island, a renowned travel destination known for its wildlife sanctuaries and protected land. The portfolio includes:

• Two duplexes with four cottage-style units.
• A residential piling home, perfect for monthly rentals.
• A prized six-unit Gulf-front hotel with unparalleled water views.

The Gulf-front hotel offers stunning northwest-facing views, with protected land to the west ensuring permanent privacy and uninterrupted vistas. While the properties were impacted by Hurricane Ian, they are being sold "as-is," presenting a unique opportunity for savvy investors to reimagine and redevelop the site for modern, resilient, and high-end accommodations.

Sanibel's Build-Back provisions allow for the hotel and duplex buildings to be elevated and rebuilt, preserving their highly sought-after nightly rental zoning. This rare zoning allows for the construction of elevated, hurricane-resilient structures, perfect for maximizing the island's famous sunset views and Gulf shore breezes. Investors can design new, modern properties with enhanced parking, storage, and panoramic patios within the original footprint.

Sanibel Island: A Coveted Coastal Destination

Nestled along Florida's Gulf Coast, Sanibel Island is an 11-mile paradise known for its iconic lighthouse, upscale resorts, and spectacular sunsets. Residents and visitors alike are drawn to its wildlife-rich sanctuaries, where 70% of the island is protected, providing a serene environment for exploring seashell-laden beaches, biking trails, and golf courses. Whether it's world-class fishing, boating adventures, or simply relaxing in nature, Sanibel offers an idyllic coastal lifestyle.

Property Facts:

• Total Price: $5,950,000
• Total Properties: 4
• Total Building Size: 10,387 SF
• Total Land Area: 1.80 AC
• Price / SF: $572.83
• Sale Type: Bulk/Portfolio Sale
• Sale Condition: Active

Individual Properties Overview:

Sandbucket | 100 S 39th St

4-Unit Apartment Building | Mexico Beach, FL 32456
$2,400,000 ($600,000/Unit) | 7.08% Cap Rate

Investment Highlights:

• Fully Leased Quadplex: Generating a gross income of $170,000 in 2023, with projected earnings of $200,000. Located just a short walk from the pristine Gulf beaches, offering easy access to sunbathing, swimming, and local dining and shopping.

• Contemporary Upgrades: Each unit includes 2 bedrooms and 3 bathrooms, featuring modern updates such as a new roof, fresh flooring, and new furniture for a stylish, coastal aesthetic. Units come with high-speed Wi-Fi, flat-screen TVs, central air conditioning, private patios or balconies, and dedicated parking spaces.

Executive Summary:

Welcome to Sandbucket, a premier investment opportunity and vacation retreat in Mexico Beach, Florida. This recently updated quadplex offers four beautifully designed units, each boasting 2 bedrooms and 3 bathrooms, just steps away from the gorgeous Gulf of Mexico.

Modern upgrades make this quadplex the perfect blend of comfort and style. Each unit features a brand-new roof, contemporary flooring, and new, coastal-inspired furniture, ensuring a fresh and inviting atmosphere for guests. The open-concept living areas are perfect for social gatherings, while private bedrooms provide a peaceful escape. Each kitchen is fully equipped with modern appliances and ample counter space, perfect for vacationers who enjoy cooking at home.

Step outside to the private patios or balconies, ideal for alfresco dining, morning coffee, or relaxing while soaking up the Florida sun. Just a short stroll from the Gulf’s white sandy beaches, residents and guests can enjoy easy access to beach activities like swimming, sunbathing, and exploring the local dining and shopping scene.

Each unit comes equipped with high-speed Wi-Fi, flat-screen TVs, and central air conditioning, ensuring a comfortable and connected stay for guests. With the flexibility and convenience offered by four separate units, this quadplex is ideal for large groups or multiple families traveling together. Sandbucket offers the perfect combination of modern amenities, coastal charm, and profitable investment potential.

Property Facts:

• Price: $2,400,000
• Price per Unit: $600,000
• Cap Rate: 7.08%
• Total Building Size: 5,280 SF
• Lot Size: 0.16 AC
• Total Units: 4
• Stories: 2
• Year Built: 2002
• Property Type: Multifamily

Unit Mix Information:

Unit Amenities:

• Air Conditioning
• Private Balcony/Patio
• Stainless Steel Appliances
• Ceiling Fans
• Dishwasher
• Carpet

Site Amenities:

• 24-Hour Access
• Bicycle Storage
• Grill
• Smoke-Free Environment
• Curbside Trash Pickup
• Storage Space

Don’t miss out on this prime investment opportunity to own a fully leased, updated apartment building in Mexico Beach, a growing destination on Florida’s Gulf Coast. Whether you’re seeking a steady income-producing property or a beachside retreat, Sandbucket offers exceptional value in a desirable location.

Sea View Apartments | 413 S Ocean Blvd

8-Unit Apartment Building | Pompano Beach, FL 33062
$1,695,000 ($211,875/Unit)

Investment Highlights:

• Prime Location: 6 legal units on a large corner lot, just 1 block from the beach on A1A (Ocean Blvd), in the heart of Pompano Beach.
• Recent Upgrades: Newly installed Hurricane Impact Windows and fresh exterior paint. One unit has been fully renovated with new floors, bathroom, kitchen, and appliances.
• Owner Financing Available: Take advantage of possible owner financing for qualified buyers.
• Ideal for Airbnb or Short-Term Rentals: Perfect for generating income through Airbnb or short-term rental platforms. Current tenants are paying below market, presenting an opportunity for increased cash flow.

Executive Summary:

LOCATION! LOCATION! LOCATION! A fantastic investment opportunity in Pompano Beach, this 8-unit apartment building sits on a large corner lot just 1 block from the beach on A1A (Ocean Blvd). The property comprises two spacious 1-bedroom, 1-bath units and four studio apartments, making it a versatile and profitable investment.

Recent updates include new hurricane impact windows, fresh exterior paint, and a fully renovated unit featuring new floors, bathroom, kitchen, and appliances. Each unit is equipped with its own mini-split A/C system, range, and refrigerator. The building also boasts a new flat roof, ensuring durability for years to come.

With possible owner financing and its proximity to the beach, this property is perfect for Airbnb or short-term rental conversions. Current tenants are paying below market rates, offering a great opportunity to enhance income. Sea View Apartments is an excellent find for investors looking for a turnkey investment in a high-demand location.

Property Facts:

• Price: $1,695,000
• Price Per Unit: $211,875
• Building Size: 2,433 SF
• Lot Size: 0.17 AC
• No. of Units: 8
• Average Occupancy: 90%
• Year Built: 1957
• Building Class: C
• Apartment Style: Low Rise
• Parking Ratio: 2.17/1,000 SF
• Sale Type: Investment

Unit Mix Information:

Unit Amenities:

• Air Conditioning
• Cable Ready
• Ceiling Fans
• Fully Equipped Kitchen
• Refrigerator & Range
• Private Yard Access

Don't miss out on this rare opportunity to own an apartment building in the highly sought-after Pompano Beach area, with excellent rental income potential. Whether you're looking to invest in a short-term rental or a long-term income property, Sea View Apartments is a must-see!