503 SW 12th Ave | Miami, FL 33130
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- LoopNet Team
503 SW 12th Ave
Miami, FL 33130
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Village Shoppes is situated at the signalized intersection of 12th Ave and Southwest 5th St, offering more than 26,648 square feet of rentable space.
- 67% of tenants on Short Term Leases with average rents of $19 net per square foot.
- Over 40,000 SF of Land Zoned T5-O, permitting up to eight stories in height with additional bonuses.
- Rare opportunity to acquire a Block-to-Block assemblage with in-place cashflow situated within one mile of Brickell and Downtown Miami.
- Priced at below the replacement cost with future development potential
- The 12th Avenue corridor connects Little Havana to the Miami Health District and offers direct access to the 836 interchange, linking to I-95.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,257 SF
Building Class
C
Year Built
1979
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.44 AC
Zoning
SD-14 - Commercial-Residential District
Parking
22 Spaces (1.95 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $4,458,184 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,458,184
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