Fully leased neighborhood retail strip center offering stable in-place income (100% occupied) with strong tenancy mix and immediate cash flow. Positioned on a prominent corner lot along NW 7th Street, the property benefits from high visibility and consistent consumer traffic within one of Miami’s primary service corridors.The asset is strategically… Read More located along a major east-west arterial roadway with approximately 44,744 vehicles per day (VPD), providing excellent exposure and accessibility. The corridor serves as a key commercial and transit link, located approximately 0.5 miles from SR 836 (Dolphin Expwy) and 2 miles from SR 826 (Palmetto Expwy). Zoned T6-8-O, the property allows for high-density mixed-use development and qualifies under the Live Local Act for affordable and workforce housing. While currently positioned as an income-producing investment, the asset offers long-term redevelopment potential.Pro forma stabilization supports an estimated cap rate of approximately 5.6%, with significant upside through rent growth toward market levels.An Offering Memorandum is available that outlines a conceptual affordable/senior housing development scenario, including the financing structure and capital stack. This is not an approved project but illustrates future potential.The submarket is currently favoring stabilized retail assets, with limited new retail development, positioning this opportunity as a covered land play with strong current income and future upside. Read Less
Courtesy of Fortune Christie's International Real Estate, Maria Francisca Miranda, 305-720-2314.
Listing Snapshot
Days Online
110
Last Updated
Property Type
Retail
Square Ft.
10,800
Lot Size
0.56 Acres
Year Built
1972
MLS Number
A11988163
30 Days Snapshot Of 33126
$280k
+9%
(avg) sold price
19
+18%
homes sold
103
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: "City Street"
Building
Built in 1972, Building features: "Exterior Lighting", Construction materials: "CBS", Toal building area: 10800
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
