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28292114
28332005

1818 NW 17th Ave, Miami, FL 33125

JS
FL 3282789
Compass Florida LLC
GA
FL FL 3347644, FL 3347644
Compass Florida LLC
Listed by Compass Florida LLC
$1,399,999
197 days on market
Updated 24 days ago

1818 NW 17 Ave | Corner Retail Grocery + Automtive

Details
APN 01-31-34-013-0400
Property Type Retail, Mixed Use
Sub Type Convenience Store, Auto Shop (+1)
Square Footage 4,437
Net Rentable (SqFt) 4,437
Units 4
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 6.17%
Pro-Forma NOI $86,433
Price per SqFt $316
Broker Co-Op Yes
Class C
Year Built 1918
Year Renovated 2022,2023
Buildings 2
Stories 3
Lot Size (SqFt) 5,043
Zoning 6100
Investment Type Value Add
Ground Lease No

The 17th Avenue Corner | Allapattah Commercial Opportunity

Marketing description

Unique opportunity to acquire a free-standing commercial property on the corner of NW 17th Avenue, a main corridor just blocks from the Class A River Landing development, the Health District, and numerous nearby projects. The 5,045 SF lot carries flexible T6-8-O zoning and features two structures.

The main building (3,696 SF) currently operates as an owner-operated grocery store on the ground floor, with storage/office space on the second and third levels. The secondary structure (741 SF) is leased to a tire shop, providing in-place income.

The property can be delivered vacant at closing, making it an ideal fit for an owner-user or a repositioning play. Alternatively, business equipment and licenses associated with the existing grocery operation may be negotiated as part of the purchase — including a scale license, tobacco sales, and beer & wine — offering a turn-key path for a buyer who wishes to continue or refresh the store.

With several new multifamily projects underway nearby, the hard-corner location is well suited for an incoming grocery operator, QSR, restaurant, retail, bank, or other uses in a rapidly redeveloping neighborhood.

Investment highlights

  • Flexible T6-8-O Zoning

  • 40/50 Year Recertification Completed

  • New Roof & New Hurricane Resistant Impact Windows

  • Property is situated on the Corner of Main Corridor NW 17th Avenue

  • Walking Distance from Class A Luxury Apartments River Landing

  • Over $300,000 Invested in Improvements

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Listing Contacts

JS
FL 3282789
Compass Florida LLC
GA
FL FL 3347644, FL 3347644
Compass Florida LLC
Listed by Compass Florida LLC

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Additional Information

Name
Jesse Spencer
License
3282789
Brokerage
Compass Commercial
Brokerage Phone
(305) 851-2820
Title
Commercial Real Estate Advisor
Brokerage Address
605 Lincoln Road
Name
Grecia Araujo
License
FL 3347644
Brokerage
Compass
Brokerage Phone
305-851-2820
Title
Real Estate Associate
Brokerage Address
605 Lincoln Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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