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3% Buyer's Broker Commission 601 SW 57th Ave 17,360 SF Retail Building Miami, FL 33144 $6,900,000 ($397.47/SF) 7.22% Cap Rate
Investment Highlights
- Prime multi-tenant retail and office asset with high visibility along Red Road/SW 57th Avenue, attracting over 28,000 vehicles per day (VPD).
- Proforma NOI of nearly $500,000 with a 6.5% cap rate, ensuring long-term investment profitability year over year for discerning buyers.
- Diverse tenant mix, including speech pathologists, salons, attorneys, and other service-based businesses, enhancing resilience and appeal.
- Excellent location amid residences, south of the Dolphin Expressway near US Highway 41 and 13 minutes from Miami International Airport (MIA).
Executive Summary
Situated minutes south of the Dolphin Expressway near US Highway 41, 601-625 SW 57th Avenue offers convenient access to surrounding vibrant residential neighborhoods and major thoroughfares. The plaza is 13 minutes from Miami International Airport (MIA), further enhancing its accessibility for tenants and customers. The property benefits from prominent signage, including a large pylon sign, ensuring strong brand exposure. With total consumer spending of $2 billion within a 3-mile radius and average household incomes exceeding $85,000, Red Road Professional Plaza captures a highly desirable customer base.
Note: A 3% buyer broker commission is being offered. Contact Albert at AJC Invest for more details.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Flat Fee of $2,250 /Month + Utilities - First Floor Space ! Located on Red Road, one of Miami’s busiest and most well-known streets, this 1,000 SF first floor open-concept unit offers incredible visibility in a thriving shopping center. Red Road benefits from consistent foot and vehicle traffic and is surrounded by a strong mix of residential and commercial properties — making it an excellent opportunity for a business looking to establish or expand in a high-demand area. With its flexible open layout and prime location, this space is well-suited for retail or office use, offering an affordable and strategic location in the heart of Miami. Contact the listing agent today to schedule a showing!
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000 SF | Retail | - | Now |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Flat Fee of $2,250 /Month + Utilities - First Floor Space ! Located on Red Road, one of Miami’s busiest and most well-known streets, this 1,000 SF first floor open-concept unit offers incredible visibility in a thriving shopping center. Red Road benefits from consistent foot and vehicle traffic and is surrounded by a strong mix of residential and commercial properties — making it an excellent opportunity for a business looking to establish or expand in a high-demand area. With its flexible open layout and prime location, this space is well-suited for retail or office use, offering an affordable and strategic location in the heart of Miami. Contact the listing agent today to schedule a showing!
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-4106-011-1180 | Improvements Assessment | $988,850 |
| Land Assessment | $1,461,150 | Total Assessment | $2,450,000 |
Property Taxes
Presented by
3% Buyer's Broker Commission | 601 SW 57th Ave
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