237 NW 12th Ave - Retail FOR SALE


Miami, FL 33128- Little Havana
$2,600,000 USD
786-306-7259
237 NW 12th Ave, Miami, FL for Sale
$2,600,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

237 NW 12th Ave
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • All tenants are on month to month leases and paying below-market rents (~$14/SF), providing a clear path to increase income by adjusting rents.
  • Ownership is offering favorable seller financing options, reducing the barrier to entry and enhancing potential returns.
  • Elevator-equipped and fully ADA compliant, the building completed its 40-Year Re-Certification in 2025, minimizing capital expenditure risk.
  • The ±8,000 SF building is divided into 10 small bays (±800 SF each), ideal for local businesses and easy to lease or re-tenant.
  • Elevator-equipped and ADA compliant
  • Located between West Flagler Street and NW 7th Street—two corridors undergoing significant redevelopment with new multifamily and mixed-use projects.

OVERVIEW

Marcus & Millichap is pleased to present 237 NW 12th Avenue, a two-story retail strip center located in the heart of Miami’s Little Havana submarket. This ±8,000 square foot property is comprised of 10 small bay units, each approximately 800 square feet in size, offering flexible configurations ideal for local service and retail tenants. Currently, all tenants are on month-to-month leases and paying significantly below-market rents, averaging just $14 per square foot. This presents a compelling value-add opportunity for an investor to reposition the tenancy and increase rental income to market levels. The property recently received its 40-Year Re-Certification in 2025, eliminating any near-term capital concerns related to structural or electrical compliance. Additionally, the seller is offering attractive financing terms, providing further flexibility for prospective buyers. Strategically positioned on NW 12th Avenue between West Flagler Street and NW 7th Street, the property is surrounded by numerous mixed-use and multifamily developments, underscoring the area's continued growth and revitalization. This corridor serves as a vital connector between Little Havana, the Health District, and Downtown Miami, benefiting from strong visibility and daily traffic.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retail/Office Strip Center in Little Havana

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,300 SF

ZONING

T6-8-O

APN/PARCEL ID

01-0200-030-1100,01-4102-005-1810

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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