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Mixed Use Investment 1186 NW 103rd St 6,609 SF Retail Building Miami, FL 33150 $1,900,000 ($287.49/SF)



Investment Highlights
- Recently renovated with modern finishes, fresh asphalt, upgraded lighting, and a newly painted exterior for turnkey appeal.
- Excellent visibility and accessibility make it ideal for both owner-users and investors looking for strategic placement.
- 30,000+ Vehicles Per Day on the corner of NW 12 Ave and Nw 103 St
- Situated in a rapidly developing neighborhood surrounded by major franchises and growing commercial activity.
- Upcoming lease expirations provide opportunity to increase rents or repurpose space for higher returns.
- Barbershop, salon, dry cleaner, cafe
Executive Summary
Located in the heart of Miami, at 103rd St and 12th Ave, this BU-1 zoned property is situated in an up-and-coming, rapidly evolving neighborhood with 30,500 vehicles passing by daily. Surrounded by major franchises and businesses, this mixed-use property offers unparalled visibility and accessibility, making it an ideal investment for both owner-users and investors.
Currently, the property is leased to a restaurant, a marketplace, and two residential units above, which are Section 8 approved, ensuring stable rental income. The property has been newly upgraded, featuring modern finishes, fresh asphalt, a newly painted exterior, upgraded lighting, and more. With some leases nearing expiration, this is a perfect opportunity for an owner-user to establish their business in a high-traffic location or for an investor to increase rents and maximize returns.
The BU-1 zoning allows for a variety of commercial and residential uses, making this a highly flexible investment with room for growth. Whether you’re looking to capitalize on rising rents, purpose the space, or establish your own business, this property offers endless potential to become a high-yielding cash cow in Miami’s growing market.
Currently, the property is leased to a restaurant, a marketplace, and two residential units above, which are Section 8 approved, ensuring stable rental income. The property has been newly upgraded, featuring modern finishes, fresh asphalt, a newly painted exterior, upgraded lighting, and more. With some leases nearing expiration, this is a perfect opportunity for an owner-user to establish their business in a high-traffic location or for an investor to increase rents and maximize returns.
The BU-1 zoning allows for a variety of commercial and residential uses, making this a highly flexible investment with room for growth. Whether you’re looking to capitalize on rising rents, purpose the space, or establish your own business, this property offers endless potential to become a high-yielding cash cow in Miami’s growing market.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$180,292
|
$27.28
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $180,292 |
| Annual Per SF | $27.28 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,609 SF
Building Class
C
Year Built
1986
Price
$1,900,000
Price Per SF
$287.49
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
BU-1, County - The BU-1 (Neighborhood Business District) zoning in Miami-Dade County is designed to accommodate a variety of retail and service-oriented businesses.
Parking
17 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signalized Intersection
- Smoke Detector
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-3102-007-0070 | Improvements Assessment | $390,609 |
| Land Assessment | $481,740 | Total Assessment | $872,349 |
Property Taxes
Parcel Number
30-3102-007-0070
Land Assessment
$481,740
Improvements Assessment
$390,609
Total Assessment
$872,349
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Mixed Use Investment | 1186 NW 103rd St
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