9701-9715 NW 27th Ave 11,500 SF 100% Leased Retail Building Miami, FL 33147 $3,000,000 ($260.87/SF) 6.89% Cap Rate

Situated at the hard corner of NW 27th Avenue and NW 97th Street, one of Miami’s most active commercial corridors with more than 33,000 vehicles per day, the offering consists of an approximately 11,500 SF single-story neighborhood retail strip across six operating units. The property benefits from exceptional frontage, strong drive-by visibility, and a combined site area of approximately 21,924 SF across two parcels.
The asset offers durable in-place cash flow with one immediately leasable vacancy and multiple credible NOI growth levers, including lease-up of the vacant bay, contractual rent increases on existing leases, and the opportunity to mark select rents to market as shorter-term leases roll. The existing tenancy provides current income, while the lease structure preserves flexibility for a buyer to improve tenant mix and reposition individual bays over time.
With UC-MC mixed-use zoning, prominent corridor exposure, and a recently completed 40-year certification by Miami-Dade County, the property is well-positioned for both yield-focused investors and longer-term redevelopment-oriented buyers seeking a visible infill asset along NW 27th Avenue.