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119th Plaza 1057-1067 NW 119th St 9,300 SF 100% Leased Retail Building Miami, FL 33168 $3,300,000 ($354.84/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Building Size: 9,300 SF Lot Size: 0.51 AC Parking: 38 Spaces Zoning: C-1
- Prime Accessibility just off the I-95 and 7th Avenue interchange.
- Built-in local customer base with 180,000+ residents nearby
- 88' of direct frontage on major thoroughfare and retail corridor seeing over 40,000 vehicles per day
- Renovated Property with a New Roof and 40 and 50 year Inspection Passed
EXECUTIVE SUMMARY
REQUEST ACCESS TO FULL OFFERING MEMORANDUM FOR DETAILS.
Lee & Associates presents 119th Plaza, a fully occupied 9,300 SF retail storefront center strategically positioned with 88 feet of prime frontage on NW 119th Street. Built-in 1960 and meticulously maintained, the single-story property features a diverse tenant mix and boasts a new roof and upgraded parking surface. The center supports high customer traffic and tenant convenience with 38 on-site parking spaces (4.09 per 1,000 SF). Zoned C-1 on a 0.51-acre lot with a 0.42 FAR, this retail asset is a rare opportunity in a high-demand market, ideal for investors seeking stable, in-place income in a thriving commercial corridor.
Exceptionally located just off Interstate 95 and 7th Avenue, this retail center benefits from outstanding exposure with over 40,000 cars per day on 119th Street and 32,000 on 7th Avenue. The property lies in a dense, dynamic neighborhood with a population exceeding 180,000 within a 3-mile radius and ongoing development activity driving continued growth. Tenants enjoy unparalleled access to major transit arteries and proximity to key infrastructure including Opa-Locka Executive Airport, Miami International Airport, Port of Miami, and Port Everglades, reinforcing the site’s regional connectivity and appeal.
Lee & Associates presents 119th Plaza, a fully occupied 9,300 SF retail storefront center strategically positioned with 88 feet of prime frontage on NW 119th Street. Built-in 1960 and meticulously maintained, the single-story property features a diverse tenant mix and boasts a new roof and upgraded parking surface. The center supports high customer traffic and tenant convenience with 38 on-site parking spaces (4.09 per 1,000 SF). Zoned C-1 on a 0.51-acre lot with a 0.42 FAR, this retail asset is a rare opportunity in a high-demand market, ideal for investors seeking stable, in-place income in a thriving commercial corridor.
Exceptionally located just off Interstate 95 and 7th Avenue, this retail center benefits from outstanding exposure with over 40,000 cars per day on 119th Street and 32,000 on 7th Avenue. The property lies in a dense, dynamic neighborhood with a population exceeding 180,000 within a 3-mile radius and ongoing development activity driving continued growth. Tenants enjoy unparalleled access to major transit arteries and proximity to key infrastructure including Opa-Locka Executive Airport, Miami International Airport, Port of Miami, and Port Everglades, reinforcing the site’s regional connectivity and appeal.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,300 SF
Building Class
C
Year Built
1960
Price
$3,300,000
Price Per SF
$354.84
Cap Rate
7%
NOI
$230,844
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.51 AC
Zoning
C-1 - Commercial
Parking
38 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
88’ on NW 119th St
AMENITIES
- Bus Line
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $486,055 | |
| Land Assessment | $667,500 | Total Assessment | $1,153,555 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$667,500
Improvements Assessment
$486,055
Total Assessment
$1,153,555
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119th Plaza | 1057-1067 NW 119th St
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