Prime Miami Beach Retail Investment Opportunity – Just One Block from the Beach! 9521 Harding Ave presents a rare opportunity to acquire a land lease with 24 years remaining and the land. This 3,600 sq. ft. retail strip center is located in one of Miami Beach’s most sought-after areas. The sub lease currently generates $223,000 in annual rental income. The center benefits from strong tenant demand, excellent visibility, and high foot traffic. The land lease term ends in December 2049 at which time all property and real improvements revert to the land owner. The land lease is $166/m. There are four tenants part of the sublease and leases end March 2027, January 2028, May 2028, and December 2028. This is a rare opportunity to own an income-producing asset as there has only been one sale since 2024 on Harding Ave! Selling for Land Value! Retail rents have experienced significant growth. As of the second quarter of 2024, the average asking rent reached $48 per square foot, leading the state of Florida. Although rent growth has moderated to 4.1% during this period, it remains above the national average of 2.6%. This sustained increase reflects the area's attractiveness to retailers and investors alike. In summary, Surfside's retail property market exhibits favorable conditions, characterized by low vacancies, rising rents, and continuous business growth, making it an attractive prospect for investors and retailers alike.