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Retail Center 17851-17859 NW 78th Ave 4,358 SF Retail Building Miami, FL 33015 $3,900,000 ($894.91/SF)
Investment Highlights
- Sale includes Palm Food Store business and real estate, offering a complete investment package.
- Recently updated with a new roof and modernized air conditioning units.
- Located in a high-traffic area within Miami-Dade County, ensuring strong visibility and consistent foot traffic.
- Property features three additional tenants, providing multiple income streams.
- Ample on-site parking with 24 spaces for customer convenience.
- Long-term operational history of nearly 20 years under current ownership, demonstrating stability and reliability.
Executive Summary
This offering presents a rare opportunity to acquire a fully operational retail property with an established business in a high-traffic Miami-Dade location. The sale includes Palm Food Store, a long-standing convenience store that has been successfully operated by the current owners for nearly two decades, ensuring a strong and reliable income stream. In addition to the primary business, the property features three additional tenant spaces, providing diversified revenue and stability for investors.
The building has been meticulously maintained, featuring a new roof, updated HVAC systems, and a well-kept parking lot with 24 spaces. Positioned on a 0.46-acre parcel, the property benefits from excellent visibility and accessibility within a dense residential and commercial corridor. This turnkey investment offers immediate cash flow and the security of an established customer base, making it an attractive acquisition for investors seeking a solid retail asset with a proven track record.
The building has been meticulously maintained, featuring a new roof, updated HVAC systems, and a well-kept parking lot with 24 spaces. Positioned on a 0.46-acre parcel, the property benefits from excellent visibility and accessibility within a dense residential and commercial corridor. This turnkey investment offers immediate cash flow and the security of an established customer base, making it an attractive acquisition for investors seeking a solid retail asset with a proven track record.
Property Facts
Sale Type
Owner User
Property Type
Retail
Building Size
4,358 SF
Building Class
C
Year Built/Renovated
1962/2023
Price
$3,900,000
Price Per SF
$894.91
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.46 AC
Zoning
BU-1A - Limited Business Use - retail, commercial and service convenience facilities that meet the needs of the adjacent residential neighborhood
Parking
20 Spaces (4.59 Spaces per 1,000 SF Leased)
Frontage
139’ on NW 78th Ave
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-2010-000-0021 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $913,749 |
Property Taxes
Parcel Number
30-2010-000-0021
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$913,749
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Retail Center | 17851-17859 NW 78th Ave
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