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1353 SW 1st St 4,749 SF 100% Leased Retail Building Miami, FL 33135 $1,850,000 ($389.56/SF) 5.77% Cap Rate
Executive Summary
Rare mixed-use investment opportunity in the heart of East Little Havana, minutes from Brickell and Downtown Miami. This 4,749 SF building sits on a 7,000 SF lot zoned T6-8-O, Miami's Urban Core Transect designation, permitting up to 8 stories and density supporting approximately 24 units by right, with further upside under the Live Local Act. Today, the property delivers immediate cash flow through 5 rental spaces (2 ground-floor commercial, 3 residential), income now with a clear redevelopment path later. Positioned in one of Miami's fastest-appreciating corridors, surrounded by new construction and strong rental demand, this is a land-bank-and-hold play with upside on both sides of the deal. Sold AS-IS. Buyer to verify all zoning, square footage, and permitted use with the City of Miami. Tenant-occupied do not disturb; all showings by appointment only.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,749 SF
Building Class
C
Year Built
1925
Price
$1,850,000
Price Per SF
$389.56
Cap Rate
5.77%
NOI
$106,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.16 AC
Zoning
T6-8-O - Commercial
Frontage
Amenities
- Bus Line
- Air Conditioning
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-4102-006-0860 | Improvements Assessment | $261,839 |
| Land Assessment | $700,000 | Total Assessment | $961,839 |
Property Taxes
Parcel Number
01-4102-006-0860
Land Assessment
$700,000
Improvements Assessment
$261,839
Total Assessment
$961,839
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1353 SW 1st St