19501-19577 NW 2nd Ave - Storefront FOR SALE


Miami, FL 33169
$9,475,000 USD
786-321-2764
19501-19577 NW 2nd Ave, Miami, FL for Sale
$9,475,000 USD
Storefront - FOR SALE
1/19
null | 6.14% Cap Rate

19501-19577 NW 2nd Ave
Miami, FL 33169


HIGHLIGHTS

  • Caribbean Shoppes is the Highway 441 commercial corridor’s iconic retail shopping center, with sizable units to accommodate various tenant needs.
  • Fully leased with a 22-tenant roster, this prime shopping center offers a stable investment structure and showcases the area's key positioning
  • Surrounded by Miami Gardens’ diverse working- and middle-class community near the Golden Glades interchange, Hard Rock Stadium, and the Calder Casino.
  • Strategically located 15 minutes from the Aventura Mall, five minutes away from Hallandale Boulevard and 10 minutes away from Hollywood Boulevard.

OVERVIEW

Caribbean Shoppes at 19501 NW 2nd Avenue is a well-maintained retail center in Miami. Spanning 27,872 square feet of building space and 1.68 acres of land, this plaza is a progressively modern retail development along the 3-mile US Highway 441 commercial corridor, brand new and stunning modern facade with ACM aluminium and Granite, brand new asphalt on parking lot. Benefit from a customer-focused shopping environment with incredible driver and pedestrian visibility, professional landscaping, and 80 parking spaces across two double-sided aisles. Caribbean Shoppes has a loyal customer base that generates steady business year-round, which speaks volumes about the quality of products and services and indicates a successful symbiotic relationship between the tenants and the surrounding area. Maintaining such longevity and consistency in business is no small feat, and it's a testament to the resilience, hard work, and dedication of both the tenants and the management of Caribbean Shoppes. The tenants' diverse offerings complement each other, creating a vibrant and attractive destination for shoppers. Caribbean Shoppes lies north of the Golden Glades interchange, connecting Interstate 95, Florida's Turnpike, and State Routes 441 and 826. This property offers visitors excellent accessibility and ease of travel throughout South Florida. Situated in Miami Gardens, Caribbean Shoppes is surrounded by a diverse working and middle-class community of nearly 701,500 residents within a 15-minute drive radius. Neighboring points of interest include Aventura Mall, Hard Rock Stadium, St. Thomas University, Florida Memorial University, Interstate 95, the 836 Expressway, and surrounding businesses, services, and restaurants along US Highway 441.

FOR SALE DETAILS

PRICE

$9,475,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribbean Shoppes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

BU-1A, Miami

APN/PARCEL ID

34-2101-012-1330,34-2101-013-2622,34-2101-013-2630

ASK ABOUT THIS PROPERTY

Jaime EsquenaziKeyes CompanyMore Info
786-321-2764

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Jaime EsquenaziKeyes CompanyMore Info
786-321-2764

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