9415 Harding Ave
Surfside, FL 33154
Retail Property For Sale

Marcus & Millichap is proud to exclusively market for sale the Harding Avenue Retail Portfolio which consists of two retail buildings that sit on the east side of Harding Avenue, between 96th street and 94th street in the heart of the municipality of Surfside, on the northern tip of Miami Beach, Florida. Harding Avenue is the main north/south retail artery in the immediate area and is one block west of Collins Avenue and the Beach. This area is surrounded by high end condominium projects, multiple residential neighborhoods and many local and upscale hotels. Just one block to the north on 96th Street is the world-famous Bal-Harbour Mall, which draws wealthy shoppers from all over the world. The Bal-Harbour Mall is a high-end shopping venue with every luxury retail brand in the world including Louis Vuitton, Cartier, Chanel, Rolex and many more. The Mall is also anchored by Saks Fifth Avenue Departments store and has several popular restaurants. 9415 Harding Avenue is a 4,000 square-foot, two-tenant retail strip anchored by Harbour Grille, Miami’s best Kosher Steakhouse. The tenant has occupied this space for over seven years and has recently extended their lease through 2028, showing their commitment to the space and the success of their business. Next to Harbour Grille is a Dry Cleaners tenant which has below market rents and a short-term lease that allows for immediate upside in re-renting the space. The Seller will be completing a renovation of the exterior of the building at 9415 Harding Avenue which will only enhance the re-rentability of the space and the value of the property. The 2nd property in the portfolio is 9569 Harding Avenue, a 2,000 square foot retail building anchored by an AT&T licensed dealer and new tenant Morelia a trendy popsicle shop that has locations in Coral Gables, Wynwood and Aventura Mall. The Harding Avenue corridor serves this Surfside community and has seen an explosion in investment and rental growth over the past decade mainly due to the lack of retail space available in this dense, wealthy section of Northern Miami Beach. On the street are several other financial institutions, restaurants and service-oriented tenants including a Publix Supermarket, CVS Pharmacy and other various national anchors that serve as draws to the corridor. Rarely do occupied cash flowing properties in this section of Surfside ever come available for purchase, this portfolio is an ideal investment for a Buyer looking for stable cash flow and upside in re-renting the Dry Cleaners bay at market rent.