Prime Miami Beach Land Lease Investment | 9519-9523 Harding Ave
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Prime Miami Beach Land Lease Investment 9519-9523 Harding Ave
2,321 SF 100% Leased Retail Building Miami Beach, FL 33154 $3,500,000 ($1,508/SF) 3.82% Cap Rate
Investment Highlights
- Prime Miami Beach Land Lease Investment
- 26 year land lease remaining
- Currently Generating $223,000 Annually
- Not a fee-simple sale
Executive Summary
Prime Miami Beach Retail Investment Opportunity just one block from the beach! 9521 Harding Ave presents a rare chance to acquire a 3,600 sq. ft. retail strip center in one of Miami Beach’s most sought-after locations. Offered as a land lease with 26 years remaining, this property provides both long-term stability and significant upside potential for investors.
Currently generating $223,000 annually in rental income, the center benefits from strong tenant demand, excellent visibility, and high foot traffic. Its strategic positioning in a vibrant commercial corridor ensures continued value appreciation and future growth opportunities.
This is a compelling opportunity for investors seeking a stable income-producing asset with room for expansion.
Currently generating $223,000 annually in rental income, the center benefits from strong tenant demand, excellent visibility, and high foot traffic. Its strategic positioning in a vibrant commercial corridor ensures continued value appreciation and future growth opportunities.
This is a compelling opportunity for investors seeking a stable income-producing asset with room for expansion.
Financial Summary (Actual - 2023) 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
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Storefront
Building Size
2,321 SF
Building Class
C
Year Built/Renovated
1950/2015
Price
$3,500,000
Price Per SF
$1,508
Cap Rate
3.82%
NOI
$133,856
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Land Acres
0.11 AC
Zoning
B-1
Parking
4 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
52 FT on Harding Ave
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 14-2235-007-0360 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $1,747,519 (2024) |
PROPERTY TAXES
Parcel Number
14-2235-007-0360
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,747,519 (2024)
-
Alessandro Lima -
Robin Perez -
Fausto Commercial Realty Consultants
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Prime Miami Beach Land Lease Investment | 9519-9523 Harding Ave
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