For Sale
$3,500,000

300 17Th AveMiami, FL 33135

High-Return QSR/Restaurant Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami retail property, located at 300 SW 17th Ave, offers a compelling investment opportunity with a 6.20% cap rate. The 6,893 square foot building sits on a 9,029 square foot lot and is currently vacant, presenting a unique chance for owner-users or investors. Built in 1956, the property underwent a complete renovation in 2022, encompassing new electrical systems, plumbing, HVAC, and grease traps. The four units are ideal for QSR or restaurant operations, benefiting from high ceilings and modern amenities. The property's prime location in Miami, Florida (33135), provides excellent visibility and accessibility. With a Net Operating Income (NOI) of $217,070 and an asking price of $3,500,000, this property offers a strong return on investment. The property features 24-hour access and ample signage potential, maximizing its appeal to potential tenants. This fully occupied, high-performing asset is ready for immediate returns. The price per square foot is $507.76.

Highlights

  • $3,500,000 asking price for this Miami, FL retail property.
  • 6,893 square feet on a 9,029 square foot lot.
  • Located at 300 SW 17th Ave, Miami, FL 33135.
  • 6.20% cap rate with a $217,070 NOI.
  • Fully occupied, four-unit building with a QSR/Fast Food and Restaurant subtype.
  • $507.76 price per square foot.

Property Details for 300 17Th Ave

Property type
Retail properties, Restaurants
Square Feet
6,893 SF
Year Built
1956
Units
4

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.769604096083
Longitude
-80.222722321751
300 17Th Ave, Miami, Florida

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300 17Th Ave
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