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3251-3255 NW 183rd St 5,092 SF 100% Leased Retail Building Opa Locka, FL 33056 $1,600,000 ($314.22/SF)
Investment Highlights
- Neighborhood strip center with value-add upside
- Roof replaced in 2019 & Parking lot recently resurfaced
- Below-market in-place rents
Executive Summary
The property is being offered as a value-add neighborhood strip center with in-place rents below current market levels and a strong owner-user component. The center contains approximately 5,023 SF on a 20,323 SF lot and is positioned along a highly visible, high-traffic main roadway. The asset is in solid physical condition, with a new roof completed in 2019 and a recently resurfaced parking lot, limiting near-term capital requirements for a new owner. The offering presents clear upside through future rent growth, tenant repositioning and potential owner occupancy, making it an attractive opportunity for both investors and owner-users seeking a well-located retail property with built-in value enhancement.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,092 SF
Building Class
C
Year Built
1962
Price
$1,600,000
Price Per SF
$314.22
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
BU-1
Parking
10 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
138’ on NW 183rd St
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-2104-003-1800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $493,067 |
Property Taxes
Parcel Number
34-2104-003-1800
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$493,067
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3251-3255 NW 183rd St
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