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3% 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
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
First-floor space is available for a flat fee of $2,250 per month plus utilities and offers approximately 1,000 square feet in a prime location on Red Road, one of Miami’s busiest and most recognizable corridors. Positioned within a thriving shopping center, the unit provides excellent visibility and benefits from consistent foot and vehicle traffic, surrounded by a strong mix of residential and commercial properties. The open-concept layout allows for flexible use and is well-suited for retail or office occupancy, making it an ideal option for businesses looking to establish or expand in a high-demand area. This space offers a strategic and affordable opportunity in the heart of Miami. Contact the listing agent today to schedule a showing.
Suite B offers a private, non-shared office space available for a flat monthly rental rate of $1,350 plus utilities, ideally located in the heart of Coral Gables. Situated along SW 57th Avenue (Red Road) in a prime, highly desirable corridor, this professional office offers an excellent opportunity for tenants seeking a dedicated, efficient, and well-located workspace. The suite features a functional layout designed to maximize usable space and includes a reception and waiting area, a private enclosed office, a private in-suite bathroom, and individual central air conditioning. Contact the listing agent today to schedule a showing.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000 SF | Retail | - | Now |
| B | 500 SF | Office | - | Now |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
B
| Size |
| 500 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
First-floor space is available for a flat fee of $2,250 per month plus utilities and offers approximately 1,000 square feet in a prime location on Red Road, one of Miami’s busiest and most recognizable corridors. Positioned within a thriving shopping center, the unit provides excellent visibility and benefits from consistent foot and vehicle traffic, surrounded by a strong mix of residential and commercial properties. The open-concept layout allows for flexible use and is well-suited for retail or office occupancy, making it an ideal option for businesses looking to establish or expand in a high-demand area. This space offers a strategic and affordable opportunity in the heart of Miami. Contact the listing agent today to schedule a showing.
B
| Size | 500 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Suite B offers a private, non-shared office space available for a flat monthly rental rate of $1,350 plus utilities, ideally located in the heart of Coral Gables. Situated along SW 57th Avenue (Red Road) in a prime, highly desirable corridor, this professional office offers an excellent opportunity for tenants seeking a dedicated, efficient, and well-located workspace. The suite features a functional layout designed to maximize usable space and includes a reception and waiting area, a private enclosed office, a private in-suite bathroom, and individual central air conditioning. Contact the listing agent today to schedule a showing.
Demographics
Demographics
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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