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2% Buyer's Broker Commission 601 SW 57th Ave 17,360 SF Retail Building Miami, FL 33144 $7,425,500 ($427.74/SF) 6.70% 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
Acquire a prime multi-tenant retail and office asset in the thriving West Miami submarket at Red Road Professional Plaza at 601-625 SW 57th Avenue. Positioned along Red Road/SW 57th Avenue, one of Miami’s busiest corridors with over 28,000 vehicles per day (VPD), the plaza offers unmatched visibility and accessibility. The 17,360-square-foot center features multiple storefronts and office suites, averaging 685 square feet, which accommodate a diverse range of tenants, including speech pathologists, salons, and other service-based businesses. With near full occupancy and suites that lease quickly, the property provides an immediate income stream and long-term growth potential.
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.
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,360 SF
Building Class
C
Year Built
1978
Price
$7,425,500
Price Per SF
$427.74
Cap Rate
6.70%
NOI
$497,835
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.45 AC
Zoning
BU-1A - Residential and limited retail/office
Space Availability
- Space
- Size
- Space Use
- Position
- Available
$1,575/Month + Utilities – Private Office on Red Road in Coral Gables - NOT A SHARED SPACE - Professional office space available on highly desirable SW 57th Avenue (Red Road) in Coral Gables. Ideal for professionals seeking a private and functional workspace. The unit features a reception/waiting area, private office, private in-suite bathroom, and individual central A/C. Efficient layout maximizing usable space. Contact the listing agent today to schedule a showing!
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 700 SF | Office | - | Now |
2nd Floor
| Size |
| 700 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
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2nd Floor
| Size | 700 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
$1,575/Month + Utilities – Private Office on Red Road in Coral Gables - NOT A SHARED SPACE - Professional office space available on highly desirable SW 57th Avenue (Red Road) in Coral Gables. Ideal for professionals seeking a private and functional workspace. The unit features a reception/waiting area, private office, private in-suite bathroom, and individual central A/C. Efficient layout maximizing usable space. Contact the listing agent today to schedule a showing!
Moderately walkable
70/100
Fairly drivable
40/100
Limited public transit
30/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
29,305
191,776
547,329
1,062,551
2030 Population
30,741
204,028
584,717
1,052,116
2025-2030 Projected Population Growth
4.9%
6.4%
6.8%
-1.0%
Median Age
47.5
45.5
44.0
42.7
College Degree + Higher
30%
36%
32%
21%
Daytime Employees
6,746
148,952
383,749
819,113
Total Businesses
1,302
20,768
54,147
123,139
Average Household Income
$97,890
$102,844
$98,023
$101,707
Median Household Income
$72,310
$73,637
$67,608
$70,889
Total Consumer Spending
$320.8M
$2.2B
$5.9B
$11.6B
2025 Households
10,537
73,342
206,208
400,734
Average Home Value
$639,462
$631,466
$642,917
$613,518
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
Parcel Number
01-4106-011-1180
Land Assessment
$1,461,150
Improvements Assessment
$988,850
Total Assessment
$2,450,000
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2% Buyer's Broker Commission | 601 SW 57th Ave
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