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Income-Producing Redevelopment 2 Properties Offered at $11,000,000 in Miami, FL
INVESTMENT HIGHLIGHTS
- 22 Unit 1br Multifamily
- Flexible leases with cancellation clauses in place. Easily financeable
- Possible up-zoning with a unity of title and 18,400 Average Annual Daily Traffic Count
- Fully operational Restaurant and Car Wash
- Currently 100% occupied
- Desirable hard corner
EXECUTIVE SUMMARY
Located along the highly visible 22nd Avenue corridor, a major fourlane thoroughfare in the heart of Little Havana, this unique investment opportunity offers immediate income with long-term redevelopment upside. The property is centrally positioned just minutes from Brickell, Downtown Miami, Coral Gables, and Miami International Airport, making it one of the most strategically connected sites in the city.
The site is currently has a 22 unit multifamily building, a leased restaurant, and an operating car wash, generating stable cash flow with value add potential. Flexible lease structures provide a buyer with both reliable near-term income and the ability to reposition or redevelop when market timing is ideal.
Highlights
• 22 Unit 1br Multifamily
•Fully operational Restaurant and Car Wash
•Flexible leases with cancellation clauses in place
•Currently 100% occupied
•Possible up-zoning with a unity of title
• Desirable hard corner
• Easily financeable
• 18,400 Average Annual Daily Traffic Count
The site is currently has a 22 unit multifamily building, a leased restaurant, and an operating car wash, generating stable cash flow with value add potential. Flexible lease structures provide a buyer with both reliable near-term income and the ability to reposition or redevelop when market timing is ideal.
Highlights
• 22 Unit 1br Multifamily
•Fully operational Restaurant and Car Wash
•Flexible leases with cancellation clauses in place
•Currently 100% occupied
•Possible up-zoning with a unity of title
• Desirable hard corner
• Easily financeable
• 18,400 Average Annual Daily Traffic Count
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $11,000,000 | Number of Properties | 2 |
| Price / SF | $407.83 / SF | Individually For Sale | 1 |
| Sale Type | Investment | Total Building Size | 26,972 SF |
| Status | Active | Total Land Area | 0.94 AC |
| Price | $11,000,000 |
| Price / SF | $407.83 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 26,972 SF |
| Total Land Area | 0.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2170 NW Flagler Ter, Miami, FL 33125 | Multifamily | 10,733 SF | 1958 | - |
| 45 NW 22nd Ave, Miami, FL 33125 | Retail | 16,239 SF | 1955 | $11,000,000 |
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Income-Producing Redevelopment
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