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.