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
1/10
null | 6.89% 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 at the hard corner of NW 27th Avenue and NW 97th Street, one of Miami’s most active commercial corridors with more than 33,000 vehicles per day, the offering consists of an approximately 11,500 SF single-story neighborhood retail strip across six operating units. The property benefits from exceptional frontage, strong drive-by visibility, and a combined site area of approximately 21,924 SF across two parcels. The asset offers durable in-place cash flow with one immediately leasable vacancy and multiple credible NOI growth levers, including lease-up of the vacant bay, contractual rent increases on existing leases, and the opportunity to mark select rents to market as shorter-term leases roll. The existing tenancy provides current income, while the lease structure preserves flexibility for a buyer to improve tenant mix and reposition individual bays over time. With UC-MC mixed-use zoning, prominent corridor exposure, and a recently completed 40-year certification by Miami-Dade County, the property is well-positioned for both yield-focused investors and longer-term redevelopment-oriented buyers seeking a visible infill asset along NW 27th Avenue.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

6.89%

% 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

12

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.