Property Description

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.

Address Map
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''
MLS Addon
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
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Commercial Sale For Sale

1450 Nw 17th Ave, Miami, Florida 33125, Miami, Florida 33125

15,057 Sqft
$4,150,000
MLS # #A11916474
Basic Details
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
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