1661 West Ave - Specialty FOR SALE


Miami Beach, FL 33139- Flamingo
$5,100,000 USD
305-857-5011
1661 West Ave, Miami Beach, FL for Sale
$5,100,000 USD
Specialty - FOR SALE
1/13
null | 4.23% Cap Rate

1661 West Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Credit-Tenant Stability
  • Infrastructure Resilience
  • Strategic Future Potential

OVERVIEW

EXECUTIVE SUMMARY 1661 West Avenue presents a premier acquisition opportunity in the heart of a resilient corridor in Miami Beach. Anchored by the United States Postal Service (USPS), the asset provides immediate sovereign credit cash flow. Beyond NOI, this site offers a rare canvas for a visionary investor to shape the future of Miami Beach, contributing to the continued evolution and sophistication of this world-class destination. INVESTMENT HIGHLIGHTS Credit-Tenant Stability: Current operations are anchored by the USPS, providing a recession-resistant income stream and notable downside protection. Infrastructure Injection: The site is a beneficiary of "The Public Infrastructure Injection" ("The Miami Beach Phase II"). This includes comprehensive street raising and modernized utility mains, designed to enhance long-term property resilience and value. Strategic Potential: Located within an established and evolving corridor, the property is positioned for a transformative play, leveraging its proximity to national retailers and the ongoing revitalization of the West Avenue district. Connectivity: The site is steps from the Lincoln Road Mall, Venetian Causeway, and Trader Joe's. LOCATION & MARKET DYNAMICS The West Avenue corridor continues to evolve as a luxury district for residents, professionals, and visitors. Locational Synergy: Immediate neighbors include flags like Publix on the Bay, The Fresh Market, and the 17 WEST development. Institutional Drivers: Proximity to the Miami Beach Convention Center ensures a constant influx of tourism and professional traffic. THE "DEAL ROOM" & DUE DILIGENCE Qualified investors may access the Confidential Document Vault upon execution of a Confidentiality Agreement (CA). Restricted files include: U.S. POSTAL SERVICE (USPS) LEASE HISTORICAL 3-YEAR OPERATING STATEMENTS (2023-2025) THE FULL OFFERING MEMORANDUM DISCLOSURE & CONTACT SHAPTOWN Lead Associate: Joel Shapori, Licensed Real Estate Sales Associate (FL). Brokerage: SHAPTOWN.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$1,471 USD /SF

CAP RATE

4.23%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United States Post Office

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

3

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

Joel ShaporiShaptownMore Info
305-857-5011

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Joel ShaporiShaptownMore Info
305-857-5011

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