2178 NE 123rd St, North Miami FL 33181, NORTH MIAMI, FL, 33181
Active272 days on marketListed Nov 18, 2025MLS #A11916564
About this property
The property at a glance
Established Lighting and Electrical Store for Sale! 50 years of building trust and serving the community! This iconic retail store specializes in repairs and sales of lamps, bulbs and shades. Huge inventory of lamps, shades, bulbs, and accessories (+ $100k value) Inside a bustling plaza with restaurants, salon, shops, and plenty of free customer parking. Big windows showcase your products. Turnkey Opportunity: Owner offers one month of free training to ensure a smooth transition. New lease contract until December 2028, with a competitive rent of $3,450/month. Great Potential: Take over a successful business with a loyal customer base. Expand product lines, increase sales, and grow your presence in this thriving market. Don't miss this chance to own a piece of the lighting industry!
0
Lot sq ft
1971
Year built
6100
Zoning
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$9,518/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Alek to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
20,969
Population
$56,473
Median income
37.6
Median age
2.39
Avg household
$315,200
Median home value
$1,665/mo
Median rent
2,354
Households w/ kids
Recent sales
What actually sold near 2178 NE 123rd St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,500
155 NE 1st Pl, Miami FL 33138
Sold Jun 1, 2026
$227,500
Miami Shores NE 1, Miami Shores FL 33138
Sold Jun 30, 2026
$125,000
Nearby listing
Sold May 15, 2025
Your team
The pros in your corner
Your agent
Alek Cherrone
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 2178 NE 123rd St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2178 NE 123rd St.
See it in person
Schedule a tour
Live availability from Alek's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of LoKation · Riccardo Romano. MLS #A11916564.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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