Shopping Strip
Shoppes on 27th Ave | Seller Financing Available
1059 SW 27th Ave, Miami, FL 33135
Listing Price: $3,500,000
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.
Shoppes on 27th Ave | Seller Financing Available
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
Listing Price: $3,500,000
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
