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1879 Retail Plaza 1879-1889 NW 7th St 9,000 SF 80% Leased Retail Building Miami, FL 33125 $2,650,000 ($294.44/SF) 8% Cap Rate
Executive Summary
Excellent investment opportunity in the heart of Miami! Income-producing retail/office center featuring 11 units with a strong tenant mix, including a restaurant, beauty businesses, T-Mobile, and professional offices. Situated on highly trafficked NW 7th Street with exceptional visibility and easy access to Downtown Miami, Brickell, Miami River District, and LoanDepot Park. Property offers 11,105 SF of building area on a 14,906 SF lot, T6-T3 zoning, garage parking, and an attractive 8% cap rate. Stable cash flow with long-term appreciation potential in one of Miami’s fastest-growing corridors. Financials available upon request. Do not disturb tenants. By appointment only.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,000 SF
Building Class
C
Year Built
1972
Price
$2,650,000
Price Per SF
$294.44
Cap Rate
8%
NOI
$212,000
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.34 AC
Zoning
T6-8-O - T4-T6
Parking
17 Spaces (1.89 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-3134-046-0420 | Improvements Assessment | $702,508 |
| Land Assessment | $1,096,492 | Total Assessment | $1,799,000 |
Property Taxes
Parcel Number
01-3134-046-0420
Land Assessment
$1,096,492
Improvements Assessment
$702,508
Total Assessment
$1,799,000
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1879 Retail Plaza | 1879-1889 NW 7th St
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