This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1950 NW 17th Ave
Miami, FL 33125
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Income Potential: Reliable tenants have their own water and electrical meters and are responsible for all utilities.
- Growth Opportunity: Below-market rents indicate potential for revenue enhancement.
- Property Condition: Roof and structure are well-maintained.
- Prime Location: Allapattah is a sought-after commercial area near downtown Miami and major employment centers.
EXECUTIVE SUMMARY
• Broker LLC is pleased to present the exclusive sale of a prime commercial building located on a main street in Allapattah, Miami. This investment opportunity includes a 5,752-square-foot building on a 7,500-square-foot lot, currently leased to three tenants on annual agreements. The property generates a gross income of $138,000, with below-market rents offering the potential for increased returns. The current cap rate stands at 6.14%, with a scheduled cap rate of 6.94%. Rents are below market rents, assuring room for revenue growth. All tenants have independent water and electrical meters, and the roof is well maintained. Allapattah is a sought-after commercial area with proximity to Wynwood, downtown Miami, and major employment centers. This is a rare opportunity to acquire a high-potential investment in a thriving market. Owner financing to qualify buyer available.
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 5,752 SF |
| Property Subtype | Storefront Retail/Office | No. Stories | 1 |
| Building Class | C | Year Built | 1949 |
| Lot Size | 0.20 AC | APN / Parcel ID | 01-3134-009-0030 |
| Zoning | T6-8-O - Miami 21 Zoning Code prioritizes building form (shape and bulk) over the regulation of use to allow for mixed-use development. | ||
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Lot Size | 0.20 AC |
| Gross Leasable Area | 5,752 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| APN / Parcel ID | 01-3134-009-0030 |
| Zoning | T6-8-O - Miami 21 Zoning Code prioritizes building form (shape and bulk) over the regulation of use to allow for mixed-use development. |
