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Value-Add Retail With Room to Grow 114 NW 22nd Ave 5,318 SF Retail Building Miami, FL 33125 $2,600,000 ($488.91/SF)
Investment Highlights
- Commercial, Neighborhood (CN) zoning on both parcels, supporting a broad by-right use list across retail and service uses
- Additional interior storage area with double steel doors for easy loading, plus a kitchen area with sink and counter and one bathroom
- Dense surrounding base with more than 550,000 residents within five miles and 337,000 within three miles, supporting steady daytime & evening traffic
- 12-foot clear ceiling height, a totally open floor plan, and a double-door glass entry on the direct corner as the main entrance
- High-traffic 33125 corridor location, minutes from the Miami Health District, Miami River, downtown Miami, and Miami International Airport
- Well positioned near established draws including Publix, Walgreens, Versailles, Jackson Memorial Hospital, and the Miami Health District
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,318 SF
Building Class
C
Year Built
1952
Price
$2,600,000
Price Per SF
$488.91
Tenancy
Single
Building Height
1 Story
Building FAR
0.78
Lot Size
0.16 AC
Zoning
T6-8 O
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
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 | 114 NW 22nd Ave