1661 West Ave - United States Post Office 3,467 SF Specialty Building Offered at $4,890,000 in Miami Beach, FL 33139
INVESTMENT HIGHLIGHTS
- Located in the heart of Miami Beach
- Compelling opportunity in one of Miami Beach’s most dynamic and high-demand locations.
- The property has undergone recent improvements, including a new roof and asphalt, enhancing its structural integrity and long-term value.
EXECUTIVE SUMMARY
Great Investment Opportunity! Located in the heart of Miami Beach, 1661 West Ave presents a remarkable investment opportunity with over $1M in rental income from a long-term USPS tenant. This property features a new roof and asphalt, enhancing its structural integrity and long-term value. Positioned next to The Alton by Shvo at 1656-1680 Alton Road and steps from Trader Joe’s, this property is in the center of a rapidly transforming neighborhood. The area is primed for continued growth, with major developments driving long-term value. Offering both reliable income and substantial future appreciation, this is a standout opportunity in one of Miami Beach’s most dynamic and high-demand locations.
The existing lease has one year remaining, with a 9-month termination option for either party. The new five-year lease for the post office is non-cancelable and non-renewable. Additionally, the tenant covers certain maintenance costs but does not pay for common area expenses.
The existing lease has one year remaining, with a 9-month termination option for either party. The new five-year lease for the post office is non-cancelable and non-renewable. Additionally, the tenant covers certain maintenance costs but does not pay for common area expenses.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
AMENITIES
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 02-3233-017-0090 | Improvements Assessment | $232,136 |
| Land Assessment | $2,812,500 | Total Assessment | $3,044,636 |
ZONING
| Zoning Code | CD-2 (The CD-2 (Commercial, Medium-Intensity) zoning in Miami Beach is a designation that allows for a mix of commercial, office, retail, and residential us) |
