Shopping Strip
Village Shoppes in Little Havana
503 SW 12th Ave, Miami, FL 33130
Listing Price: $9,500,000
Investment Overview
Marcus & Millichap is pleased to present the sale of 503-533 SW 12th Ave, Miami, FL 33130. This property consists of 26,648 SF of net leasable area sitting on a 40,200 SF lot.
The subject property is ideally located on the signalized intersection of 12th Ave and SW 6th St which sees roughly 19,000 vehicle per day. This property consists of 33 retail bays, with 67% of tenants on flexible lease terms. Spanning from SW 5th Street to SW 6th Street, this block-to-block property offers great visibility with over 325 feet of frontage on 12th Avenue. With ongoing development west of Downtown and Brickell due to limited space for new constructions to the east, this area of Little Havana is positioned for substantial growth.
The Shoppes on 12th Ave are situated in the heart of Miami, one of the most vibrant and rapidly growing real estate markets in the United States. This area is known for its prime location, offering strong connectivity to key business districts, transportation hubs, and entertainment venues. With its proximity to Downtown Miami, Brickell, and the Wynwood Arts District, the properties benefit from the city's diverse economy, cultural appeal, and continued urban development. Miami’s dynamic real estate market, bolstered by population growth, international investment, and a robust tourism industry, makes it an attractive location for commercial investment.
Village Shoppes in Little Havana
Investment Highlights
- Village Shoppes is situated at the signalized intersection of 12th Avenue and Southwest 5th Street, offering more than 26,648 square feet of rentable space and over 40,000 square feet of land
- Rare opportunity to acquire a Block-to-Block assemblage with in-place cashflow situated within one mile of Brickell and Downtown Miami.
- 67% of tenants on Short Term Leases with average rents of $19 net per square foot.
- Priced at below the replacement cost with future development potential.
- Over 40,000 SF of Land Zoned T5-O, permitting up to eight stories in height with additional bonuses. T5-O zoned land has seen the greatest benefits from the new Live Local Act.
- The 12th Avenue corridor connects Little Havana to the Miami Health District and offers direct access to the 836 interchange, linking to I-95.
- Little Havana is One of the Most Densely Populated Regions of Miami-Dade County with over 300,000 Residents within a 3-mile Radius | 1-Mile Density over 60,000 Residents.
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Listing Price: $9,500,000
Investment Highlights
- Village Shoppes is situated at the signalized intersection of 12th Avenue and Southwest 5th Street, offering more than 26,648 square feet of rentable space and over 40,000 square feet of land
- Rare opportunity to acquire a Block-to-Block assemblage with in-place cashflow situated within one mile of Brickell and Downtown Miami.
- 67% of tenants on Short Term Leases with average rents of $19 net per square foot.
- Priced at below the replacement cost with future development potential.
- Over 40,000 SF of Land Zoned T5-O, permitting up to eight stories in height with additional bonuses. T5-O zoned land has seen the greatest benefits from the new Live Local Act.
- The 12th Avenue corridor connects Little Havana to the Miami Health District and offers direct access to the 836 interchange, linking to I-95.
- Little Havana is One of the Most Densely Populated Regions of Miami-Dade County with over 300,000 Residents within a 3-mile Radius | 1-Mile Density over 60,000 Residents.
Investment Overview
Marcus & Millichap is pleased to present the sale of 503-533 SW 12th Ave, Miami, FL 33130. This property consists of 26,648 SF of net leasable area sitting on a 40,200 SF lot. The subject property is ideally located on the signalized intersection of 12th Ave and SW 6th St which sees roughly 19,000 vehicle per day. This property consists of 33 retail bays, with 67% of tenants on flexible lease terms. Spanning from SW 5th Street to SW 6th Street, this block-to-block property offers great visibility with over 325 feet of frontage on 12th Avenue. With ongoing development west of Downtown and Brickell due to limited space for new constructions to the east, this area of Little Havana is positioned for substantial growth. The Shoppes on 12th Ave are situated in the heart of Miami, one of the most vibrant and rapidly growing real estate markets in the United States. This area is known for its prime location, offering strong connectivity to key business districts, transportation hubs, and entertainment venues. With its proximity to Downtown Miami, Brickell, and the Wynwood Arts District, the properties benefit from the city's diverse economy, cultural appeal, and continued urban development. Miami’s dynamic real estate market, bolstered by population growth, international investment, and a robust tourism industry, makes it an attractive location for commercial investment.
Exclusively Listed By
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