1818 17Th Ave Miami, FL 33125

This exceptional Miami retail property, located at 1818 NW 17th Avenue, presents a compelling value-add opportunity. The 4,437 square foot property sits on a 5,043 square foot lot and boasts two buildings constructed in 1918 and 1971, recently renovated in 2022-2023. Currently housing two tenants (a grocery store and a tire shop) with 100% occupancy, the grocery store will vacate upon closing, creating immediate repositioning potential. The main building (3,696 sq ft) offers ground-level retail space with upper-level storage/office areas. The secondary building (741 sq ft) is leased to the tire shop, generating $29,690 in annual gross rent. The property benefits from flexible T6-8-O zoning, allowing for a variety of uses. Significant recent improvements include a new roof, hurricane-resistant impact windows, and over $300,000 invested in renovations. Its prime corner location on NW 17th Avenue, near the River Landing Class A development and the Health District, offers exceptional visibility and access to a rapidly developing neighborhood. The asking price is $1,599,000 ($360.38/sq ft). The lease is a gross lease with a remaining term of 0.5 years expiring June 1, 2025. This property is ideal for owner-users or investors seeking to capitalize on the area's growth and repositioning potential. A 40/50-year recertification has been completed.