Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of North Miami Mixed-Use — a two property, value-add portfolio totaling 12,128 square feet across 0.77 acres, consisting of 16000 N Miami Avenue and 37 NW 166th Street in Miami, Florida. 16000 N Miami Avenue spans 6,448 square feet on 0.46 acres and features 5 tenants across 8 units, anchored by two longstanding neighborhood businesses: Fuente Supermarket, a local grocery store serving the community since 2019, and Ray’s Cakes & Catering, a well-known bakery that has operated at this location since 2012. 37 NW 166th Street comprises 5,680 square feet on 0.31 acres and includes 8 units, with an average unit size of approximately 710 square feet. The property is occupied by a diverse mix of tenants, supporting stable income and broad leasing appeal. Strategically located on a prominent corner in the rapidly evolving North Miami submarket, these adjacent, connecting properties offer a rare opportunity to acquire a contiguous mixed-use footprint with existing income and considerable upside through lease-up, repositioning, or redevelopment. The portfolio features a combined occupancy of approximately 94%, delivering immediate in-place cash flow, while the short-term remaining lease terms across several tenants offer the ability to push rents and unlock additional value in the near term. Whether repositioned for higher-yield tenancy, upgraded for enhanced retail or office use, or held as a covered land play, North Miami Mixed-Use offers investors multiple exit strategies and a chance to control a high-visibility site in one of South Florida’s most dynamic growth corridors.