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1950 NW 17th Ave
Miami, FL 33125 Allapattah

$1,700,000 USD

Storefront Retail Office Condo For Sale  •  5,752 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 5,752 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1949
  • Tenancy Multiple
  • Zoning T6-8-O
60 Transit Score
84 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1950 Office/Retail 5,752 SF $1,700,000 USD
  • Unit Size: 5,752 SF
  • Condo Use: Office/Retail
  • Price: $1,700,000 USD
  • Sale Type: Investment
  • Price/SF: $295.55 USD
Description
Currently, tenants pay for utilities.

Sale Notes
Retail/Office Strip Center for sale in Allapattah

Description 

•	Broker LLC is pleased to present the exclusive sale of a prime commercial building located on a main street in Allapattah, Miami. This investment opportunity includes a 5,752-square-foot building on a 7,500-square-foot lot, currently leased to three tenants on annual agreements. The property generates a gross income of $138,000, with below-market rents offering the potential for increased returns. The current cap rate stands at 6.14%, with a scheduled cap rate of 6.94%.  Rents are below market rents, assuring room for revenue growth.  All tenants have independent water and electrical meters, and the roof is well maintained.  Allapattah is a sought-after commercial area with proximity to Wynwood, downtown Miami, and major employment centers. This is a rare opportunity to acquire a high-potential investment in a thriving market. Owner financing to qualify buyer available.

Highlights

Income Potential: Reliable tenants have their own water and electrical meters and are responsible for all utilities.
Property Condition: Roof and structure are well-maintained.
Growth Opportunity: Below-market rents indicate potential for revenue enhancement.
Prime Location: Allapattah is a sought-after commercial area near downtown Miami and major employment centers.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Santa Clara (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 1 min 13 min 0.6 mi
Civic Center (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Miami International 19 min - 7.6 mi
Fort Lauderdale/Hollywood International 34 min - 22.7 mi
Mario Francisco Frech PA 305-608-5190 Broker's LLC
Mario Francisco Frech PA 305-608-5190 Broker's LLC