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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
Percent Leased
90%
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 Number | 01-4102-005-4610 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,874,048 |
Property Taxes
Parcel Number
01-4102-005-4610
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,874,048
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