1057-1067 NW 119th St - Storefront FOR SALE


Miami, FL 33168
$3,600,000 USD
305-235-1500
1057-1067 NW 119th St, Miami, FL for Sale
$3,600,000 USD
Storefront - FOR SALE
1/36
null | 6.35% Cap Rate

1057-1067 NW 119th St
Miami, FL 33168


HIGHLIGHTS

  • Building Size: 9,300 SF Lot Size: 0.51 AC Parking: 38 Spaces Zoning: C-1
  • 88' of direct frontage on major thoroughfare and retail corridor seeing over 40,000 vehicles per day
  • Prime Accessibility just off the I-95 and 7th Avenue interchange.
  • Renovated Property with a New Roof and 40 and 50 year Inspection Passed
  • Built-in local customer base with 180,000+ residents nearby

OVERVIEW

REQUEST ACCESS TO FULL OFFERING MEMORANDUM FOR DETAILS. Lee & Associates presents 119th Plaza, a fully occupied 9,300 SF retail storefront center strategically positioned with 88 feet of prime frontage on NW 119th Street. Built-in 1960 and meticulously maintained, the single-story property features a diverse tenant mix and boasts a new roof and upgraded parking surface. The center supports high customer traffic and tenant convenience with 38 on-site parking spaces (4.09 per 1,000 SF). Zoned C-1 on a 0.51-acre lot with a 0.42 FAR, this retail asset is a rare opportunity in a high-demand market, ideal for investors seeking stable, in-place income in a thriving commercial corridor. Exceptionally located just off Interstate 95 and 7th Avenue, this retail center benefits from outstanding exposure with over 40,000 cars per day on 119th Street and 32,000 on 7th Avenue. The property lies in a dense, dynamic neighborhood with a population exceeding 180,000 within a 3-mile radius and ongoing development activity driving continued growth. Tenants enjoy unparalleled access to major transit arteries and proximity to key infrastructure including Opa-Locka Executive Airport, Miami International Airport, Port of Miami, and Port Everglades, reinforcing the site’s regional connectivity and appeal.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

119th Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Day Care Center, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-1

APN/PARCEL ID

06-2126-016-0120,06-2126-016-0130,06-2126-016-0140

ASK ABOUT THIS PROPERTY

Sebastian MisiewiczLee & AssociatesMore Info
305-235-1500

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Sebastian MisiewiczLee & AssociatesMore Info
305-235-1500

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