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1818 NW 17th Ave

4,437 SF 100% Leased Retail Building Miami, FL 33125 $1,599,000 ($360/SF)

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Investment Highlights

Flexible T6-8-O Zoning
Over $300,000 Invested in Improvements
Upside in Repositioning

40/50 Year Recertification
New Roof and New Hurricane Resistant Impact Windows

Executive Summary

Unique opportunity to acquire free-standing commercial property situated on the corner of Northwest 17th Ave main corridor blocks from River Landing Class A development, the Health District & numerous developments. Total Lot size of 5,045 with T6-8-O Zoning & two structures - Main building of 3,696 SqFt is currently Operating as a Grocery Store on ground level, storage/office on the second/third story. Secondary structure of 741 SqFt leased out to a tire shop paying $29,690 In annual gross rent. The Grocery store will be vacated at closing making this a perfect opportunity for an owner user or repositioning opportunity to attract new tenants. Several new multifamily projects nearby, prime location for QSR, restaruant, retail, grocery, bank, or more in rapidly redeveloping neighborhood.