1818 NW 17th Ave - Freestanding FOR SALE


Miami, FL 33125- Allapattah
$1,399,999 USD
203-913-6485
1818 NW 17th Ave, Miami, FL for Sale
$1,399,999 USD
Freestanding - FOR SALE
1/47
null | 7.33% Cap Rate

1818 NW 17th Ave
Miami, FL 33125
Allapattah


HIGHLIGHTS

  • Main building (2,558 SF): former grocery store + storage/office levels; vacant at closing
  • Secondary building (677 SF): leased to tire shop at $38,052 annual gross rent
  • Over $300,000 in recent capital improvements
  • Zoning: T6-8-O – strong mixed-use / redevelopment potential

OVERVIEW

Unique opportunity to acquire a free-standing commercial property on the corner of NW 17th Avenue, a main corridor just blocks from the Class A River Landing development, the Health District, and numerous nearby projects.? The 5,045 SF lot carries flexible T6-8-O zoning and features two structures.? The main building (3,696 SF) currently operates as an owner-operated grocery store on the ground floor, with storage/office space on the second and third levels.? The secondary structure (741 SF) is leased to a tire shop, providing in-place income.? The property can be delivered vacant at closing, making it an ideal fit for an owner-user or a repositioning play.? Alternatively, business equipment and licenses associated with the existing grocery operation may be negotiated as part of the purchase — including a scale license, tobacco sales, and beer & wine — offering a turn-key path for a buyer who wishes to continue or refresh the store.? With several new multifamily projects underway nearby, the hard-corner location is well suited for an incoming grocery operator, QSR, restaurant, retail, bank, or other uses in a rapidly redeveloping neighborhood.?

FOR SALE DETAILS

PRICE

$1,399,999 USD

PRICE/SF

$316 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3134-013-0400

ASK ABOUT THIS PROPERTY

Grecia AraujoCompass CommercialMore Info
203-913-6485

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Grecia AraujoCompass CommercialMore Info
203-913-6485

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