1950 NW 17th Ave - Storefront Retail/Office FOR SALE


Miami, FL 33125- Allapattah
$1,750,000 USD
305-608-5190
1950 NW 17th Ave, Miami, FL for Sale
$1,750,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 5.96% Cap Rate

1950 NW 17th Ave
Miami, FL 33125
Allapattah


HIGHLIGHTS

  • • Income Potential: Stable tenants with independent water and electrical meters, responsible for all utilities.
  • • Growth Opportunity: Below-market rents suggest room for revenue growth.
  • • Prime Location: Allapattah is a sought-after commercial area with proximity to downtown Miami and major employment centers.

OVERVIEW

• Broker LLC is pleased to present the exclusive sale of a prime commercial building located on a main street in Allapattah, Miami. This investment opportunity includes a 5,752-square-foot building on a 7,500-square-foot lot, currently leased to three tenants on annual agreements. The property generates a gross income of $104,400, with below-market rents offering potential for increased returns. The current cap rate stands at 5.96%, with a scheduled cap rate of 6.74%. Rents are below market rents, assuring room for revenue growth. All tenants have independent water and electrical meters, and the roof is well maintained. Allapattah is a sought-after commercial area with proximity to Wynwood, downtown Miami and major employment centers. This is a rare opportunity to acquire a high-potential investment in a thriving market.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

5.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,593 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3134-009-0030

ASK ABOUT THIS PROPERTY

Mario Francisco Frech PABroker's LLCMore Info
305-608-5190

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Mario Francisco Frech PABroker's LLCMore Info
305-608-5190

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