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1818 NW 17th Ave 4,437 sq ft 100% Let Retail Property Miami, FL 33125 £1,046,723 (£235.91/sq ft) 7.33% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Main building (2,558 SF): former grocery store + storage/office levels; vacant at closing
- Over $300,000 in recent capital improvements
- Secondary building (677 SF): leased to tire shop at $38,052 annual gross rent
- Zoning: T6-8-O – strong mixed-use / redevelopment potential
EXECUTIVE SUMMARY
Prime Allapattah Corner Property with Redevelopment Potential on High-Traffic NW 17th Ave. Unique opportunity to acquire free-standing commercial property, 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 2,558 SqFt is currently operating as a Grocery Store on the ground level, storage/office on the second/third story. Secondary structure of 677 SqFt leased out to a tire shop paying $38,052 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, restaurant, retail, grocery, bank, or more in rapidly redeveloping neighborhood.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Standalone
Property Size
4,437 sq ft
Costar Property Class
C
Year Built
1918
Price
£1,046,723
Price per sq ft
£235.91
Yield
7.33%
NOI
£76,725
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.85
Total Plot Size
0.12 ac
Use Class
T6-8-O - Tropical Urban Center District
Parking
2 Spaces (0.45 Spaces per 1,000 sq ft Leased)
Frontage
41 ft on NW 17th Ave Ave
AMENITIES
- Corner Lot
- Security System
- Storage Space
- Air Conditioning
Walk Score®
Easily Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-3134-013-0400 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £353,740 |
PROPERTY TAXES
Parcel Number
01-3134-013-0400
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£353,740
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1818 NW 17th Ave
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