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.