601 SW 57th Ave - Storefront Retail/Office FOR SALE


Miami, FL 33144- Flagami
$6,900,000 USD
786-321-8305
601 SW 57th Ave, Miami, FL for Sale
$6,900,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | 7.22% Cap Rate

601 SW 57th Ave
Miami, FL 33144
Flagami


HIGHLIGHTS

  • Prime multi-tenant retail and office asset with high visibility along Red Road/SW 57th Avenue, attracting over 28,000 vehicles per day (VPD).
  • Diverse tenant mix, including speech pathologists, salons, attorneys, and other service-based businesses, enhancing resilience and appeal.
  • Proforma NOI of nearly $500,000 with a 6.5% cap rate, ensuring long-term investment profitability year over year for discerning buyers.
  • Excellent location amid residences, south of the Dolphin Expressway near US Highway 41 and 13 minutes from Miami International Airport (MIA).

OVERVIEW

Acquire a prime multi-tenant retail and office asset in the thriving West Miami submarket at Red Road Professional Plaza at 601-625 SW 57th Avenue. Positioned along Red Road/SW 57th Avenue, one of Miami’s busiest corridors with over 28,000 vehicles per day (VPD), the plaza offers unmatched visibility and accessibility. The 17,360-square-foot center features multiple storefronts and office suites, averaging 685 square feet, which accommodate a diverse range of tenants, including speech pathologists, salons, and other service-based businesses. With near full occupancy and suites that lease quickly, the property provides an immediate income stream and long-term growth potential. Situated minutes south of the Dolphin Expressway near US Highway 41, 601-625 SW 57th Avenue offers convenient access to surrounding vibrant residential neighborhoods and major thoroughfares. The plaza is 13 minutes from Miami International Airport (MIA), further enhancing its accessibility for tenants and customers. The property benefits from prominent signage, including a large pylon sign, ensuring strong brand exposure. With total consumer spending of $2 billion within a 3-mile radius and average household incomes exceeding $85,000, Red Road Professional Plaza captures a highly desirable customer base. Note: A 3% buyer broker commission is being offered. Contact Albert at AJC Invest for more details.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3% Buyer's Broker Commission

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

01-4106-011-1180

ASK ABOUT THIS PROPERTY

Albert J. CabreraAJC InvestMore Info
786-321-8305

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Albert J. CabreraAJC InvestMore Info
786-321-8305

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