1661 West Ave - Specialty FOR SALE


Miami Beach, FL 33139- Flamingo
$4,900,000 USD
917-455-0865
1661 West Ave, Miami Beach, FL for Sale
$4,900,000 USD
Specialty - FOR SALE
1/11
null | 4.22% Cap Rate

1661 West Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Located in the heart of Miami Beach
  • The property has undergone recent improvements, including a new roof and asphalt, enhancing its structural integrity and long-term value.
  • Compelling opportunity in one of Miami Beach’s most dynamic and high-demand locations.

OVERVIEW

Located in the heart of Miami Beach, 1661 West Ave presents a remarkable investment opportunity with over $1M in rental income from a long-term USPS tenant. This property features a new roof and asphalt, enhancing its structural integrity and long-term value. Positioned next to The Alton by Shvo at 1656-1680 Alton Road and steps from Trader Joe’s, this property is in the center of a rapidly transforming neighborhood. The area is primed for continued growth, with major developments driving long-term value. Offering both reliable income and substantial future appreciation, this is a standout opportunity in one of Miami Beach’s most dynamic and high-demand locations.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$1,413 USD /SF

CAP RATE

4.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

United States Post Office

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CD-2

APN/PARCEL ID

02-3233-017-0090

ASK ABOUT THIS PROPERTY

Adi ZilberbergGary Hennes RealtorsMore Info
917-455-0865

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Adi ZilberbergGary Hennes RealtorsMore Info
917-455-0865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.