Listed by Shaptown Professional Services Corp
$5,100,000
United States Post Office
Details
APN 02-32-33-017-0090
Property Type Special Purpose
Square Footage 3,589
Units 3
Occupancy 100%
Brand/Tenant USPS
Lease Type Modified
Pro-Forma Cap Rate 4.23%
Pro-Forma NOI $215,936
Year Built 1954
Buildings 1
Lot Size (SqFt) 7,500
Zoning 6400
Parking Spaces 3 spaces
Parking per 1,000 SqFt 0.84
Ground Lease No
Special Purpose | 3,589 SqFt
Marketing description
1661 West Avenue presents a premier acquisition opportunity in the heart of a resilient corridor in Miami Beach. Anchored by the United States Postal Service (USPS), the asset provides immediate sovereign credit cash flow. Beyond NOI, this site offers a rare canvas for a visionary investor to shape the future of Miami Beach, contributing to the continued evolution and sophistication of this world-class destination.
Credit-Tenant Stability: Current operations are anchored by the USPS, providing a recession-resistant income stream and notable downside protection.
Infrastructure Injection: The site is a beneficiary of "The Public Infrastructure Injection" ("The Miami Beach Phase II"). This includes comprehensive street raising and modernized utility mains, designed to enhance long-term property resilience and value.
Strategic Potential: Located within an established and evolving corridor, the property is positioned for a transformative play, leveraging its proximity to national retailers and the ongoing revitalization of the West Avenue district.
Connectivity: The site is steps from the Lincoln Road Mall, Venetian Causeway, and Trader Joe's.
Investment highlights
- Credit-Tenant Stability
- Infrastructure Resilience
- Strategic Future Potential
Listing Contacts
Listed by Shaptown Professional Services Corp
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