1166 SW 17th Ave
Miami, FL 33135
Retail Property For Sale

The Porosoff Group at Compass Commercial is pleased to present the exclusive offering of 1166 SW 17th Ave & 1700 SW 11th Terrace, Miami, FL 33135 — a 100% occupied retail strip center in Miami's Little Havana / Shenandoah corridor. The 8,299 SF retail building sits on a 12,573 SF lot with 118 feet of frontage on SW 17th Avenue. An adjacent 1,053 SF house at 1700 SW 11th Terrace is included on a separate 6,732 SF lot, valued at $550,000, with the retail component priced at a 5.0% cap rate on NOI. Combined, the parcels total 19,304 SF of land.
Four established tenants — a grocery store, laundromat, bakery, and salon — generate $158,400 in gross scheduled income with an estimated net operating income (NOI) of approximately $113,549. All retail leases include built-in $100/year annual rent increases, and the weighted average lease term exceeds 75 months.
Operating expenses are minimal at ~$36,931/year, with tenants responsible for their own utilities and no HOA or condo fees.
The offering includes wine & beer and lottery licenses, equipment, machinery, and inventory. The property benefits from a prime SW 17th Avenue location in the established Little Havana neighborhood with direct proximity to Downtown Miami, Brickell, and Coral Gables. Over 45,000 residents live within a onemile radius, supporting consistent retail demand and foot traffic. This turnkey investment offers stable in-place income, contractual rent growth, low operating expenses, and continued upside in one of Miami's most