9519-9523 Harding Ave - Storefront FOR SALE


Miami Beach, FL 33154
$5,350,000 USD
305-281-4469
9519-9523 Harding Ave, Miami Beach, FL for Sale
$5,350,000 USD
Storefront - FOR SALE
1/46
null | 2.5% Cap Rate

9519-9523 Harding Ave
Miami Beach, FL 33154


HIGHLIGHTS

  • Prime Miami Beach Land Lease Investment
  • Currently Generating $223,000 Annually
  • 24 year land lease remaining

OVERVIEW

Prime Miami Beach Retail Investment Opportunity – Just One Block from the Beach! 9521 Harding Ave presents a rare opportunity to acquire a lease with 24 years remaining AND the land. This 3,600 sq. ft. retail strip center is located in one of Miami Beach’s most sought-after areas. The lease currently generates $223,000 in annual rental income. The center benefits from strong tenant demand, excellent visibility, and high foot traffic. The land lease term ends in December 2049. The land lease is $166/m and the leasehold NOI is $133,000. The lease hold consists of four leases that end March 2027, January 2028, May 2028, December 2028. This is a rare opportunity to own an income-producing opportunity asset as there has only been one sale since 2024 on Harding Ave!

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$2,305 USD /SF

CAP RATE

2.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Prime Miami Beach Land Lease Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B-1

APN/PARCEL ID

14-2235-007-0360

ASK ABOUT THIS PROPERTY

Alessandro LimaFausto Commercial Realty ConsultantsMore Info
305-281-4469

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Alessandro LimaFausto Commercial Realty ConsultantsMore Info
305-281-4469

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