FL > Miami
Miami, FL 33125,1450 NW 17th Ave
Miami, FL 33125,1450 NW 17th Ave
Miami, FL 33125,1450 NW 17th Ave
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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$4,150,000
Est. payment /mo
16,510 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 16,510 sqft

Price per Sqft $251

MLS Listing ID A11916474

HOA Y/N No

Year Built 1946

Annual Tax Amount $45,044

Lot Size 0.346 Acres

Property Sub-Type Retail

Property Description

This is a high-potential, value-add mixed-use corner building strategically located at 1450 NW 17th Ave, directly by the burgeoning River Landing District. The 16,510 sq. ft. property benefits from massive exposure on a highly trafficked artery, estimated to carry over 21,000 cars per day, making it ideal for retail and office tenants. With a strong 90% occupancy providing immediate cash flow and the recent successful completion of its 50-Year Recertification, the property offers stability, yet is poised for exceptional growth. The current average rent of $17.50/SF is dramatically below the submarket average of $34.80/SF, presenting a clear opportunity to achieve a massive 250% upside potential in NOI growth through strategic lease-up and market rent adjustments.

Location

State FL

County Miami-dade

Area 31

Exterior

Private Pool Yes

Building

Story 2

Level or Stories Two

Structure Type Block

Others

Tax ID 01-31-34-015-0560

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11916474

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Related ISG Realty, LLC.
Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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1450 NW 17th Ave