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Office

Little Havana Office/Residential

1401 SW 1st St, Miami, FL 33135

Listing Price: $6,250,000

Cap Rate
2.08%
Gross SF
25,202
Rentable SF
25,202
Price/Gross SF
$248.00
Lot Size
0.68 acres
Year Built
1957

Investment Overview

Marcus & Millichap is proud to present 1401/1429 SW
1st St, an office and residential complex located at 1401 Southwest 1st
Street, Miami, FL. This exceptional property offers 25,202 SF of flexible
office space and residential units in one of East Little Havana's most sought-after locations. The
building caters to a diverse range of tenants with various suites ranging
from 150 +/- SF to 3,500 +/- SF, providing a modern environment with
strong potential for medical office use.

Investment Highlights

  • Strategic location positioned just west of the Brickell Financial District and Downtown Miami.
  • Exceptional proximity to major medical districts, located just 1.5 miles from Jackson Memorial Hospital and UHealth.
  • Exceptional submarket fundamentals highlighted by a localized vacancy rate of just 3.5%.
  • Outstanding transit and walkability featuring a Walk Score of 90, providing a "Walker's Paradise" environment.
  • Highly attractive covered land play opportunity secured by T5 O (Urban Center) zoning, allowing for flexible commercial uses.
  • Significant Value-Add Potential: Opportunity to increase net operating income by improving occupancy and rental rates

Exclusively Listed By

Office

Little Havana Office/Residential

Listing Price: $6,250,000

Cap Rate
2.08%
Gross SF
25,202
Rentable SF
25,202
Price/Gross SF
$248.00
Lot Size
0.68 acres
Year Built
1957

Investment Highlights

  • Strategic location positioned just west of the Brickell Financial District and Downtown Miami.
  • Exceptional proximity to major medical districts, located just 1.5 miles from Jackson Memorial Hospital and UHealth.
  • Exceptional submarket fundamentals highlighted by a localized vacancy rate of just 3.5%.
  • Outstanding transit and walkability featuring a Walk Score of 90, providing a "Walker's Paradise" environment.
  • Highly attractive covered land play opportunity secured by T5 O (Urban Center) zoning, allowing for flexible commercial uses.
  • Significant Value-Add Potential: Opportunity to increase net operating income by improving occupancy and rental rates

Investment Overview

Marcus & Millichap is proud to present 1401/1429 SW 1st St, an office and residential complex located at 1401 Southwest 1st Street, Miami, FL. This exceptional property offers 25,202 SF of flexible office space and residential units in one of East Little Havana's most sought-after locations. The building caters to a diverse range of tenants with various suites ranging from 150 +/- SF to 3,500 +/- SF, providing a modern environment with strong potential for medical office use.

Exclusively Listed By

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