This is a high-potential, value-add mixed-use corner building strategically located at 1450 NW 17th Ave, directly by the burgeoning River Landing District. The 16,510 sq. ft. property benefits from massive exposure on a highly trafficked artery, estimated to carry over 21,000 cars per day, making it ideal for retail and office tenants. With a strong 90% occupancy providing immediate cash flow and the recent successful completion of its 50-Year Recertification, the property offers stability, yet is poised for exceptional growth. The current average rent of $17.50/SF is dramatically below the submarket average of $34.80/SF, presenting a clear opportunity to achieve a massive 250% upside potential in NOI growth through strategic lease-up and market rent adjustments.
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33125
- Street:
- 1450 Nw 17th Ave, Miami, Florida 33125
- Longitude:
- W81° 46' 36.3''
- Latitude:
- N25° 47' 18.7''
- Building Area:
- 16,510 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 56
- DOM:
- 139
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 01-31-34-015-0560
- Structure Type:
- Retail
- Tax Annual Amount:
- $45,044
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1450 Nw 17th Ave, Miami, Florida 33125, Miami, Florida 33125
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $4,150,000
- Year Built :
- 1946
- Lot Area :
- 15,057 Sqft
- MLS # :
- A11916474
- Property Sub Type :
- Retail
