Allapattah Retail with Value Upside
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Allapattah Retail with Value Upside
2 Retail Properties Offered at $3,277,060 in Miami, FL
Investment Highlights
- • OFF OF 28 & 29 ST WITH 17 AVENUE FRONTAGE
- • HIGH TRAFFIC CORRIDOR
- • DEVELOPMENT POTENTIAL
- • LOCATED NEAR MAJOR NEIGHBORHOODS
- • VALUE ADD
- • RARE OPPERTUNITY
Executive Summary
This two property assemblage is located In Allapattah, a bustling business district that is experiencing a rapid increase in year over year property values due to the influx of creative businesses migrating to the area as Miami expands westward.
The properties are located on 17th Avenue just off 29th Street. 29th Street connects Allapattah to Wynwood and 17th Avenue sees an average of 19,500 cars a day. The properties consist of 3 buildings and are zoned T6-8-O - allowing for mid-rise development. This is an ideal buy and hold for someone looking to collect rent and cash in on the sure appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future.
The properties are located on 17th Avenue just off 29th Street. 29th Street connects Allapattah to Wynwood and 17th Avenue sees an average of 19,500 cars a day. The properties consist of 3 buildings and are zoned T6-8-O - allowing for mid-rise development. This is an ideal buy and hold for someone looking to collect rent and cash in on the sure appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future.
Taxes & Operating Expenses (Pro forma - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,277,060 | Number of Properties | 2 |
| Price / SF | $686.44 / SF | Individually For Sale | 2 |
| Sale Conditions | Bulk/Portfolio Sale | Total Building Size | 4,774 SF |
| Sale Type | Investment | Total Land Area | 0.49 AC |
| Status | Active |
| Price | $3,277,060 |
| Price / SF | $686.44 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 4,774 SF |
| Total Land Area | 0.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2828 NW 17th Ave, Miami, FL 33142 | Retail | 3,274 SF | 1954 | $1,800,000 |
| 2814 NW 17th Ave, Miami, FL 33142 | Retail | 1,500 SF | 1954 | $1,450,000 |
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Allapattah Retail with Value Upside
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