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$4,150,000
Est. payment /mo
16,510 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 16,510 sqft
Price per Sqft $251
MLS Listing ID A11916474
HOA Y/N No
Year Built 1946
Annual Tax Amount $45,044
Lot Size 0.346 Acres
Property Sub-Type Retail
Property Description
This is a high-potential, value-add mixed-use corner building strategically located at 1450 NW 17th Ave, directly by the burgeoning River Landing District. The 16,510 sq. ft. property benefits from massive exposure on a highly trafficked artery, estimated to carry over 21,000 cars per day, making it ideal for retail and office tenants. With a strong 90% occupancy providing immediate cash flow and the recent successful completion of its 50-Year Recertification, the property offers stability, yet is poised for exceptional growth. The current average rent of $17.50/SF is dramatically below the submarket average of $34.80/SF, presenting a clear opportunity to achieve a massive 250% upside potential in NOI growth through strategic lease-up and market rent adjustments.
Location
State FL
County Miami-dade
Area 31
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 01-31-34-015-0560
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11916474
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Listed by Related ISG Realty, LLC.
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