1818 NW 17th Ave - Freestanding FOR SALE


Miami, FL 33125
$1,599,000 USD
786-227-1055
1818 NW 17th Ave, Miami, FL for Sale
$1,599,000 USD
Freestanding - FOR SALE
1/45
null | Request Cap Rate

1818 NW 17th Ave
Miami, FL 33125


HIGHLIGHTS

  • Flexible T6-8-O Zoning
  • 40/50 Year Recertification
  • Over $300,000 Invested in Improvements
  • New Roof and New Hurricane Resistant Impact Windows
  • Upside in Repositioning

OVERVIEW

Unique opportunity to acquire free-standing commercial property situated on the corner of Northwest 17th Ave main corridor blocks from River Landing Class A development, the Health District & numerous developments. Total Lot size of 5,045 with T6-8-O Zoning & two structures - Main building of 3,696 SqFt is currently Operating as a Grocery Store on ground level, storage/office on the second/third story. Secondary structure of 741 SqFt leased out to a tire shop paying $29,690 In annual gross rent. The Grocery store will be vacated at closing making this a perfect opportunity for an owner user or repositioning opportunity to attract new tenants. Several new multifamily projects nearby, prime location for QSR, restaruant, retail, grocery, bank, or more in rapidly redeveloping neighborhood.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3134-013-0400

ASK ABOUT THIS PROPERTY

Juan SotolongoCompass CommercialMore Info
786-227-1055

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Juan SotolongoCompass CommercialMore Info
786-227-1055

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