1450 NW 17th Ave - Storefront Retail/Office FOR SALE


Miami, FL 33125- Allapattah
$3,950,000 USD
305-788-2878
1450 NW 17th Ave, Miami, FL for Sale
$3,950,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 8.5% Cap Rate

1450 NW 17th Ave
Miami, FL 33125
Allapattah


HIGHLIGHTS

  • Strong Visibility with high traffic
  • Hard Corner
  • Miami River Adjacent

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,057 SF

ZONING

C-1

APN/PARCEL ID

01-3134-015-0560

ASK ABOUT THIS PROPERTY

Tomas SulichinRelatedISG RealtyMore Info
305-788-2878

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Tomas SulichinRelatedISG RealtyMore Info
305-788-2878

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