1450–1462 NW 17th Avenue represents a stabilized, multi-tenant retail/o!ce asset in central Miami, combining in-place cash flow with clear upside through rent adjustments, tenant re-merchandising, and capital improvements. The property totals 16,510 SF across multiple contiguous storefronts along NW 17th Ave and NW 15th Street, a high-tra!c arterial (0.5 mi from SR-836).
The tenant roster is diversified across professional services, retail, logistics, and communications, catering to essential and small-business demand. Existing rents average $17.60 PSF annualized, well below the submarket average of ~$34.80 PSF and significantly below peer corridors averaging over $60 PSF.
Strategically located within a dense urban corridor (Walk Score 82), the property benefits from more than 9,000–26,000 VPD on surrounding arterials and proximity to the Civic Center, Allapattah, and Health District. With 3 vacancies (~18% of NRA), investors can immediately implement a value-add leasing program to lift NOI toward market levels while modernizing the asset’s façade and signage to enhance curb appeal.