9701-9715 NW 27th Ave - Storefront Retail/Office FOR SALE


Miami, FL 33147- West Little River
$3,000,000 USD
786-223-3632
9701-9715 NW 27th Ave, Miami, FL for Sale
$3,000,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 5.63% Cap Rate

9701-9715 NW 27th Ave
Miami, FL 33147
West Little River


HIGHLIGHTS

  • Embedded NOI growth through vacancy lease-up, contractual rent increases, and future tenant rollover
  • Hard Corner
  • UC-MC mixed-use zoning supports current retail use and preserves longer-term redevelopment optionality
  • Recently completed 40-year certification by Miami-Dade County
  • High traffic counts
  • Value add

OVERVIEW

Situated on a high-visibility hard corner at NW 27th Ave & NW 97th St, this ±10,300 SF single-story retail strip offers strong frontage and exposure along one of Miami’s most active commercial corridors, with approximately 33,000 vehicles passing daily. The property spans approximately 21,924 SF across two parcels and benefits from consistent traffic, excellent accessibility, and ample on-site parking with approximately 20 spaces. The asset features stable in-place cash flow with a diversified tenant mix, along with immediate upside through one vacant unit available for lease. Additional value-add potential is driven by contractual rent increases and the ability to mark rents to market as shorter-term leases roll. Zoned UC-MC, the property allows for future mixed-use redevelopment, making it attractive to both yield-focused investors and long-term repositioning strategies. The property has completed its 40-year recertification with Miami-Dade County. Financials assume lease-up of the currently vacant unit, offering immediate upside. All information provided is deemed reliable but not guaranteed. Buyer to independently verify all information. Subject to errors, omissions, and changes without notice. Investment highlights Hard-corner location at NW 27th Ave & NW 97th St Strong in-place income with diversified tenant mix Immediate lease-up opportunity (vacant unit – $2,600/mo) Value-add potential through lease-up, rent growth & rollover UC-MC zoning allows for future mixed-use redevelopment Grease trap in place ideal for food-use tenants Significant upside through marking below-market rents to ~$25–$30/SF as leases roll.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

5.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Auto Repair, Convenience Store, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,551 SF

ZONING

BU-2 Dade

APN/PARCEL ID

30-3103-015-0190

ASK ABOUT THIS PROPERTY

Jonathan SingerStrato PartnersMore Info
786-223-3632

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Jonathan SingerStrato PartnersMore Info
786-223-3632

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