FL > Miami
Miami, FL 33125,1450 NW 17th Ave
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Miami, FL 33125,1450 NW 17th Ave
Miami, FL 33125,1450 NW 17th Ave
Miami, FL 33125,1450 NW 17th Ave
Miami, FL 33125,1450 NW 17th Ave
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 4,150,000
Est. payment /mo
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1450 NW 17th Ave Miami, FL 33125

16,510 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 16,510 sqft

Price per Sqft $251

MLS Listing ID A11916474

HOA Y/N No

Year Built 1946

Annual Tax Amount $45,044

Lot Size 0.346 Acres

Property Sub-Type Retail

Property Description

This is a high-potential, value-add mixed-use corner building strategically located at 1450 NW 17th Ave, directly by the burgeoning River Landing District. The 16,510 sq. ft. property benefits from massive exposure on a highly trafficked artery, estimated to carry over 21,000 cars per day, making it ideal for retail and office tenants. With a strong 90% occupancy providing immediate cash flow and the recent successful completion of its 50-Year Recertification, the property offers stability, yet is poised for exceptional growth. The current average rent of $17.50/SF is dramatically below the submarket average of $34.80/SF, presenting a clear opportunity to achieve a massive 250% upside potential in NOI growth through strategic lease-up and market rent adjustments.

Location

State FL

County Miami-dade

Area 31

Exterior

Private Pool Yes

Building

Story 2

Level or Stories Two

Structure Type Block

Others

Tax ID 01-31-34-015-0560

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11916474

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Related ISG Realty, LLC.
Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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1450 NW 17th Ave

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