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Shopping Strip

Shoppes on 27th Ave | Seller Financing Available

1059 SW 27th Ave, Miami, FL 33135

Listing Price: $3,500,000

Cap Rate
3.23%
Gross SF
19,128
Rentable SF
7,547
Price/Gross SF
$182.98
Lot Size
0.44 acres
Year Built
1945

Investment Overview

Marcus & Millichap Is Pleased To Present Shoppes on 27th Ave “The Property” Located In the Heart of the Vibrant Little Havana Submarket In Miami, Florida. This Retail Strip Center, Boasting a Total Of 7,547 Square Feet, Is Strategically Located In a Rapidly Evolving Neighborhood, Offering a Mix of Short-term Leases for Existing Retail Tenants and Significant Development Potential. The Property Is Situated on A Double Lot with Current T6-8-O Zoning That Allows for The Construction Of an Eight-story, 65-unit Residential Building, Making It an Attractive Prospect For Investors Seeking Both Immediate Cash Flow and Long-term Growth and/or Redevelopment Potential. Additionally, The Property Offers a Restaurant Space Ready for a Second-generation Establishment and Features 27 Parking Spaces, a Significant Advantage When Compared to Numerous Nearby Properties.

Investment Highlights

  • Retail Strip Center is Situated on a Double Lot with Left Turn In
  • Development Potential: The Property is Zoned T6-8-O allowing the construction of an eight-story, 65-unit residential building with Current Income in place.
  • Short-Term Leases: 5 of 6 Tenants Leases Have Expired or Expire Within Nine Months, offering flexibility for potential investors to reposition or redevelop the property as desired.
  • 27 Parking Spaces – 3.5 Spaces Per 1,000 SF
  • All Tenants Separately Metered for Water & Electric
  • Improvements: Silicone Seal Applied to the Roof & Building was Repainted
  • Second Generation Restaurant (Equipped with Hood & Grease Trap)
  • *Seller Financing Available*

Exclusively Listed By

Financing By

Shopping Strip

Shoppes on 27th Ave | Seller Financing Available

Listing Price: $3,500,000

Cap Rate
3.23%
Gross SF
19,128
Rentable SF
7,547
Price/Gross SF
$182.98
Lot Size
0.44 acres
Year Built
1945

Investment Highlights

  • Retail Strip Center is Situated on a Double Lot with Left Turn In
  • Development Potential: The Property is Zoned T6-8-O allowing the construction of an eight-story, 65-unit residential building with Current Income in place.
  • Short-Term Leases: 5 of 6 Tenants Leases Have Expired or Expire Within Nine Months, offering flexibility for potential investors to reposition or redevelop the property as desired.
  • 27 Parking Spaces – 3.5 Spaces Per 1,000 SF
  • All Tenants Separately Metered for Water & Electric
  • Improvements: Silicone Seal Applied to the Roof & Building was Repainted
  • Second Generation Restaurant (Equipped with Hood & Grease Trap)
  • *Seller Financing Available*

Investment Overview

Marcus & Millichap Is Pleased To Present Shoppes on 27th Ave “The Property” Located In the Heart of the Vibrant Little Havana Submarket In Miami, Florida. This Retail Strip Center, Boasting a Total Of 7,547 Square Feet, Is Strategically Located In a Rapidly Evolving Neighborhood, Offering a Mix of Short-term Leases for Existing Retail Tenants and Significant Development Potential. The Property Is Situated on A Double Lot with Current T6-8-O Zoning That Allows for The Construction Of an Eight-story, 65-unit Residential Building, Making It an Attractive Prospect For Investors Seeking Both Immediate Cash Flow and Long-term Growth and/or Redevelopment Potential. Additionally, The Property Offers a Restaurant Space Ready for a Second-generation Establishment and Features 27 Parking Spaces, a Significant Advantage When Compared to Numerous Nearby Properties.

Exclusively Listed By

Financing By

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