Mixed-Use – 16,510 sq. ft. in Miami, FL – High-Potential Corner Building with 90% Occupancy
Commercial Sale
Category: Mixed-Use
Price:$4,150,000
Location: Miami, FL
Year Built: 1946
Days on Market: 14
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.
This is a high-potential, value-add mixed-use corner building strategically located at 1450 NW 17th Ave. with a strong 90% occupancy.
Listing Code: 1146512107