1166 SW 17th Ave, Miami FL 33135

Description

a 100% occupied retail strip center in Miami’s Little Havana / Shenandoah corridor. The 8,299 SF retail building sits on a 12,573 SF lot with 118 feet of frontage on SW 17th Avenue. An adjacent 1,053 SF house at 1700 SW 11th Terrace is included on a separate 6,732 SF lot, valued at $550,000, with the retail component priced at a 5.0% cap rate on NOI. Combined, the parcels total 19,304 SF of land. Four established tenants — a grocery store, laundromat, bakery, and salon — generate $158,400 in gross scheduled income with an estimated net operating income (NOI) of approximately $113,549. All retail leases include built-in $100/year annual rent increases, and the weighted average lease term exceeds 75 months. Operating expenses are minimal at ~$36,931/year, with tenants responsible for their own utilities and no HOA or condo fees. The offering includes wine & beer and lottery licenses, equipment, machinery, and inventory. The property benefits from a prime SW 17th Avenue location in the established Little Havana neighborhood with direct proximity to Downtown Miami, Brickell, and Coral Gables. Over 45,000 residents live within a one-mile radius, supporting consistent retail demand and foot traffic. This turnkey investment offers stable in-place income, contractual rent growth, low operating expenses, and continued upside in one of Miami’s most dynamic commercial corridors.

This retail home located at 1166 SW 17th Ave, Miami FL 33135 is currently for sale and has been available on Brickellsold for 1 day. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1925. 1166 SW 17th Ave, Miami FL 33135 is in Miami county Miami-Dade County.