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Fully Occupied Retail Storefront Center

1057-1085 NW 119th Street North Miami, FL 33168

1057-1085 NW 119th Street, North Miami, FL, 33168

$3,300,000

For Sale

$3,300,000

9,300 SF retail center with diverse tenants and high visibility.

Property Size9,300 SF

Price / SF$354.84

AddedSep 10, 2025

Days on Market309

Last RefreshMay 8 at 9:17 pm

Property Features for 1057-1085 NW 119th Street

General Information

Standard status: Active
Size: 9,300 SF
Property subtype: Retail

Listing office Scarlett Harper Commercial

Listing date Sep 10, 2025

Source Lee-associates

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Scarlett Harper Commercial

Investment Insights

Based on property information with market context.

This is a fully occupied 9,300 SF retail storefront center built in 1960. The single-story property has been meticulously maintained and features 88 feet of frontage on NW 119th Street. It is positioned in a high-demand market, suitable for investors seeking stable income in a thriving commercial corridor. The property is zoned C-1 on a 0.51-acre lot with a 0.42 FAR. It includes a diverse tenant mix, a new roof, and an upgraded parking surface. There are 38 on-site parking spaces, which is 4.09 per 1,000 SF. The location provides exposure with over 40,000 cars per day on 119th Street and 32,000 on 7th Avenue. The property is located just off Interstate 95 and 7th Avenue. The surrounding neighborhood is densely populated, with over 180,000 residents within a 3-mile radius. The location provides access to major transit arteries and proximity to Opa-Locka Executive Airport, Miami International Airport, Port of Miami, and Port Everglades.

Key Highlights

Fully occupied 9,300 SF retail center providing stable income.
High‑traffic location with 88 feet of frontage on NW 119th Street, seeing over 40,000 cars per day.
Strategically located just off I‑95 and 7th Avenue, offering exceptional exposure and accessibility.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$245.5k	$26.40
− Vacancy	−$20.9k	−$2.24
EGI	$224.7k	$24.16
− OpEx	−$67.4k	−$7.25
NOI	$157.3k	$16.91

9,300 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,256 @ 7.0% cap · market cap 4.77%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.72M

$4.13M – $5.50M (±1% cap)

NOI $330,280 @ 7.0% cap · market cap 10.01%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

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For sale
Strip malls
FL
North Miami
33168
1057-1085 NW 119th Street

What type of property is this?

Strip mall - 9,300 SF retail center with diverse tenants and high visibility.

Where is this strip mall located?

The property is located at 1057-1085 NW 119th Street North Miami, FL.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Fully occupied 9,300 SF retail center providing stable income.; **High‑traffic location with 88 feet of frontage on NW 119th Street, seeing over 40,000 cars per day.**; Strategically located just off I‑95 and 7th Avenue, offering exceptional exposure and accessibility.