ALLAPATTAH FREESTANDING OWNER-USER BUILDING | 3500 NW 17th Ave
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ALLAPATTAH FREESTANDING OWNER-USER BUILDING 3500 NW 17th Ave
11,600 SF 100% Leased Retail Building Miami, FL 33142 $4,975,000 ($429/SF)
Investment Highlights
- JUST OFF 36 ST ON 17TH AVENUE CORRIDOR
- DEVELOPMENT POTENTIAL
- AMPLE PARKING
- LOCATED NEAR MAJOR NEIGHBORHOODS
- HARD CORNER
- OPPORTUNITY ZONE
Executive Summary
3500 NW 17 AVE is prominently situated on a hard corner just off 36th ST, one of Allapattah's main corridors connecting Wynwood to Allapattah. The property boasts 173 feet of frontage on 17th Avenue, another major thoroughfare with an average daily traffic count of 19,500 cars. This location is in one of Miami's fastest-growing submarkets, characterized by strong demand from end users, investors, and developers seeking to capitalize on the area's rapid westward expansion.
The property features an 11,535 SF building, currently leased to two tenants, on a 21,060 SF lot. It is zoned T6-8-O, allowing for mid-rise development with the potential for up to 72 multi-family units. This makes it an ideal investment for those looking to collect rental income and benefit from the area's inevitable appreciation before pursuing development opportunities.
For detailed information on rents and expenses, please contact the listing agent.
The property features an 11,535 SF building, currently leased to two tenants, on a 21,060 SF lot. It is zoned T6-8-O, allowing for mid-rise development with the potential for up to 72 multi-family units. This makes it an ideal investment for those looking to collect rental income and benefit from the area's inevitable appreciation before pursuing development opportunities.
For detailed information on rents and expenses, please contact the listing agent.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,600 SF
Building Class
B
Year Built
1987
Price
$4,975,000
Price Per SF
$429
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
T-6-8-0 - ALLOWED USES: Retail, Restaurant, Office,Multi-family, Hotel, etc.
Parking
20 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
173 FT on Northwest 17th Avenue
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3127-009-0120 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,935,358 |
PROPERTY TAXES
Parcel Number
01-3127-009-0120
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,935,358
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ALLAPATTAH FREESTANDING OWNER-USER BUILDING | 3500 NW 17th Ave
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