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Value-Add Retail With Room to Grow 102 NW 22nd Ave 5,318 SF Industrial Building Miami, FL 33125 $2,600,000 ($488.91/SF)
Investment Highlights
- Double-door glass entry on the direct corner - main entrance
- Additional storage area inside the building with double steel doors for easy loading
- Two adjacent parcels sold as one package. 102 NW 22 Ave (retail) and 114 NW 22 Ave (vacant commercial lot), contiguous and under common ownership.
- 12' clear ceiling height; Totally open floor plan
- Kitchen Area w/ sink and large counter.; 1 Bathroom
- 5,851 SF retail building with a functional storage area, single story, on a 6,813 SF lot.
Executive Summary
Two contiguous parcels. One rare opportunity on a high-visibility Miami corridor.
Two-parcel retail and land assemblage offered together for the first time in years. At the center is a 5,851-square-foot single-story retail building with dedicated storage, anchored by a directly adjacent 5,450-square-foot commercial lot. Combined, the offering delivers roughly 12,263 square feet of contiguous land and about 112 feet of frontage along NW 22 Avenue, one of the busiest north-south arteries connecting Allapattah, Little Havana, and the Miami Health District.
The play here is simple to underwrite and hard to replicate. A retail building that can generate income today sits next to an unimproved lot that gives the next owner options most infill retail sites never offer: dedicated parking, an outdoor sales or service yard, tenant expansion, or a future ground-up build. You rarely find in-place retail and buildable land side by side on a corridor with this much traffic.
Two-parcel retail and land assemblage offered together for the first time in years. At the center is a 5,851-square-foot single-story retail building with dedicated storage, anchored by a directly adjacent 5,450-square-foot commercial lot. Combined, the offering delivers roughly 12,263 square feet of contiguous land and about 112 feet of frontage along NW 22 Avenue, one of the busiest north-south arteries connecting Allapattah, Little Havana, and the Miami Health District.
The play here is simple to underwrite and hard to replicate. A retail building that can generate income today sits next to an unimproved lot that gives the next owner options most infill retail sites never offer: dedicated parking, an outdoor sales or service yard, tenant expansion, or a future ground-up build. You rarely find in-place retail and buildable land side by side on a corridor with this much traffic.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,600,000 | Rentable Building Area | 5,318 SF |
| Price Per SF | $488.91 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1952 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 12’ |
| Lot Size | 0.16 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | T6-8 O | ||
| Price | $2,600,000 |
| Price Per SF | $488.91 |
| Sale Type | Investment |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.16 AC |
| Rentable Building Area | 5,318 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Tenancy | Single |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | T6-8 O |
Amenities
- Air Conditioning
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $753,830 | |
| Land Assessment | $613,170 | Total Assessment | $1,805,862 |
Property Taxes
Parcel Numbers
Land Assessment
$613,170
Improvements Assessment
$753,830
Total Assessment
$1,805,862
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Value-Add Retail With Room to Grow | 102 NW 22nd Ave
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