MLS # :A11976706 |
Price :$2,820,000 |
Status :
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Listing Date :Mar 04, 2026 |
Square Footage :Not Available |
County :Miami-Dade County |
Square Footage :Not Available |
Year Built :1925 |
Taxes :$44,579 Per Year |
Waterfront :No |
Virtual Tour :
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Remarks :a 100% occupied retail strip center in Miami’s Little Havana / Shenandoah corridor. The 8,299 SF retail building sits on a 12,573 SF lot with 118 feet of frontage on SW 17th Avenue. An adjacent 1,053 SF house at 1700 SW 11th Terrace is included on a separate 6,732 SF lot, valued at $550,000, with the retail component priced at a 5.0% cap rate on NOI. Combined, the parcels total 19,304 SF of land. Four established tenants — a grocery store, laundromat, bakery, and salon — generate $158,400 in gross scheduled income with an estimated net operating income (NOI) of approximately $113,549. All retail leases include built-in $100/year annual rent increases, and the weighted average lease term exceeds 75 months. Operating expenses are minimal at ~$36,931/year, with tenants responsible for their own utilities and no HOA or condo fees. The offering includes wine & beer and lottery licenses, equipment, machinery, and inventory. The property benefits from a prime SW 17th Avenue location in the established Little Havana neighborhood with direct proximity to Downtown Miami, Brickell, and Coral Gables. Over 45,000 residents live within a one-mile radius, supporting consistent retail demand and foot traffic. This turnkey investment offers stable in-place income, contractual rent growth, low operating expenses, and continued upside in one of Miami’s most dynamic commercial corridors. |
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Call: 305-998-9922
Sunny Realty
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