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Shopping Strip

18800 S Dixie Hwy

18800 S Dixie Hwy, Miami, FL 33157

Listing Price: Request For Offer

Gross SF
44,880
Rentable SF
44,880
Lot Size
2.34 acres
Year Built
1980

Investment Overview

Marcus & Millichap, as the exclusive agent, is pleased to present for sale Cutler Square (the “Property”) located in Cutler Bay, Florida (Miami MSA). Cutler Square presents an excellent opportunity for an investor or owner/user to acquire a multi-tenant Strip Center strategically located on one of Miami’s Busiest corridors, South Dixie Highway/US-1. This trophy asset has over 450’ Linear Feet of direct frontage on US-1 with traffic counts exceeding 50,000 vehicles per day. The subject property consists of 44,880 square feet of vacant retail space on a 2.34 Acre Lot with over 160 parking spaces (3.5 Spaces per 1,000 square feet). The building was originally designed with 17 retail bays with dimensions of 24 x 110, however, the current layout is twelve bays with an average size of 3,740 square feet. The building was designed with a Twin T concrete roof with ceiling heights of 19’ feet. Each unit is separately metered for Water & Electricity, in addition to 10 roll-up doors located across the rear of the building. Due to the robust growth of market rents and population in Cutler Bay, the owner made a business decision to engage Modis Architecture to help design and redevelop the center. The property is currently undergoing an upgrade to the façade. This value-add opportunity allows the rare opportunity for an investor to reposition an entire retail center in a submarket where there is a 1.9% vacancy rate. Cutler Square is located only two miles north of Southland Mall in the city of Cutler Bay (Miami MSA). The population within a three-mile radius is more than 145,205 residents with an average household income of $82,214. Surrounding national retailers include Winn-Dixie, Walmart Super Center, Publix, Aldi’s, CVS, Starbucks, Chipotle, BJ’s Wholesale, Panera Bread, and Raising Canes just to name a few. Within the past several years, multiple name-brand furniture stores such as Ashley’s, City Furniture, El Dorado, and Rooms to Go have moved into the Cutler Bay region due to the robust growth of the population.

Investment Highlights

  • Value-Add Opportunity for an Owner-User or an Investor to Reposition entire retail center
  • 450' Linear Feet of Frontage along South Dixie Highway/US-1
  • Twin T Concrete Roof- 19 ft clear height throughout the entire building
  • Over 160 exiting parking spaces
  • Ten Roll Up Doors located in Rear of Building
  • New Parking Lot Asphalt and New Striping. Facade currently undergoing renovation

Exclusively Listed By

Shopping Strip

18800 S Dixie Hwy

Listing Price: Request For Offer

Gross SF
44,880
Rentable SF
44,880
Lot Size
2.34 acres
Year Built
1980

Investment Highlights

  • Value-Add Opportunity for an Owner-User or an Investor to Reposition entire retail center
  • 450' Linear Feet of Frontage along South Dixie Highway/US-1
  • Twin T Concrete Roof- 19 ft clear height throughout the entire building
  • Over 160 exiting parking spaces
  • Ten Roll Up Doors located in Rear of Building
  • New Parking Lot Asphalt and New Striping. Facade currently undergoing renovation

Investment Overview

Marcus & Millichap, as the exclusive agent, is pleased to present for sale Cutler Square (the “Property”) located in Cutler Bay, Florida (Miami MSA). Cutler Square presents an excellent opportunity for an investor or owner/user to acquire a multi-tenant Strip Center strategically located on one of Miami’s Busiest corridors, South Dixie Highway/US-1. This trophy asset has over 450’ Linear Feet of direct frontage on US-1 with traffic counts exceeding 50,000 vehicles per day. The subject property consists of 44,880 square feet of vacant retail space on a 2.34 Acre Lot with over 160 parking spaces (3.5 Spaces per 1,000 square feet). The building was originally designed with 17 retail bays with dimensions of 24 x 110, however, the current layout is twelve bays with an average size of 3,740 square feet. The building was designed with a Twin T concrete roof with ceiling heights of 19’ feet. Each unit is separately metered for Water & Electricity, in addition to 10 roll-up doors located across the rear of the building. Due to the robust growth of market rents and population in Cutler Bay, the owner made a business decision to engage Modis Architecture to help design and redevelop the center. The property is currently undergoing an upgrade to the façade. This value-add opportunity allows the rare opportunity for an investor to reposition an entire retail center in a submarket where there is a 1.9% vacancy rate. Cutler Square is located only two miles north of Southland Mall in the city of Cutler Bay (Miami MSA). The population within a three-mile radius is more than 145,205 residents with an average household income of $82,214. Surrounding national retailers include Winn-Dixie, Walmart Super Center, Publix, Aldi’s, CVS, Starbucks, Chipotle, BJ’s Wholesale, Panera Bread, and Raising Canes just to name a few. Within the past several years, multiple name-brand furniture stores such as Ashley’s, City Furniture, El Dorado, and Rooms to Go have moved into the Cutler Bay region due to the robust growth of the population.

Exclusively Listed By

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