For Sale
$4,200,000

13700 11Th AveNorth Miami, FL 33161

High-traffic, multi-tenant retail building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story retail building, located at 13700 NE 11th Ave in North Miami, Florida (zip code 33161), presents a compelling investment opportunity. The 16,448 square foot property, built in 1988, sits on a 25,179 square foot lot and boasts 21 units currently at 95% occupancy under a Net Net lease structure with four years remaining on the lease. The building is zoned C-2 and offers ample parking with 49 spaces. Situated on W Dixie Hwy, this prime location benefits from high visibility and significant traffic exposure, averaging 18,900 vehicles daily. The property's strong performance is reflected in its 7.00% cap rate and $4,200,000 asking price. Surrounded by future development projects, this asset offers potential for value enhancement through lease optimization and possible future bonuses related to height and density. The building features a 40-year certification, ensuring long-term stability. This is a rare opportunity to acquire a well-established, multi-tenant retail center in a thriving North Miami location. The property is ideal for investors seeking a stable, high-performing asset with significant upside potential.

Highlights

  • 40-Year Certification.
  • Ample parking for 49 vehicles.
  • Value enhancement potential through lease optimization.
  • Prime visibility on W Dixie Hwy with high traffic exposure (18,900 vehicles daily).
  • Located near future development projects.
  • Potential for additional bonuses related to height and density.

Property Details for 13700 11Th Ave

Property type
Retail properties
Square Feet
16,448 SF
Year Built
1988
Buildings
1
Stories
2
Units
21

Location Insight

City
North Miami
County
Miami-Dade
State
Florida
Latitude
25.901925165289
Longitude
-80.177330251613
13700 11Th Ave, North Miami, Florida

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13700 11Th Ave
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