1661 West Ave - Specialty FOR SALE


Miami Beach, FL 33139- Flamingo
$4,890,000 USD
305-209-5017
1661 West Ave, Miami Beach, FL for Sale
$4,890,000 USD
Specialty - FOR SALE
1/19
null | Request Cap Rate

1661 West Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Located in the heart of Miami Beach
  • The property has undergone recent improvements, including a new roof and asphalt, enhancing its structural integrity and long-term value.
  • Compelling opportunity in one of Miami Beach’s most dynamic and high-demand locations.

OVERVIEW

Great Investment Opportunity! Located in the heart of Miami Beach, 1661 West Ave presents a remarkable investment opportunity with over $1M in rental income from a long-term USPS tenant. This property features a new roof and asphalt, enhancing its structural integrity and long-term value. Positioned next to The Alton by Shvo at 1656-1680 Alton Road and steps from Trader Joe’s, this property is in the center of a rapidly transforming neighborhood. The area is primed for continued growth, with major developments driving long-term value. Offering both reliable income and substantial future appreciation, this is a standout opportunity in one of Miami Beach’s most dynamic and high-demand locations. The existing lease has one year remaining, with a 9-month termination option for either party. The new five-year lease for the post office is non-cancelable and non-renewable. Additionally, the tenant covers certain maintenance costs but does not pay for common area expenses.

FOR SALE DETAILS

PRICE

$4,890,000 USD

PRICE/SF

$1,410 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

United States Post Office

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Utility Sub Station

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CD-2

APN/PARCEL ID

02-3233-017-0090

ASK ABOUT THIS PROPERTY

Adi ZilberbergGary Hennes RealtorsMore Info
305-209-5017

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Adi ZilberbergGary Hennes RealtorsMore Info
305-209-5017

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