Mixed-Use Building with Commercial
For Sale
$1,300,000
1180 NW 119th St, Miami, FL 33168
Commercial Sale, Miami, FL
Property Size3,516 SF
Lot Size0.17 Acres
Price / SF$369.74
Days on Market51
Property Features for 1180 NW 119th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6062
Parking
10
Directions
From the I-95 expressway, head west to NW 12th Ave, make a U-turn, and the subject property will be to your right.
Subdivision
21
Standard status
Active
APN
30-21-35-021-0060
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
35 52 41 N SILVER CREST MANORS PB 17-41 LOTS 19 TO 21 INC BLK 1 LOT SIZE 75.000 X 101 OR 20245-0785 0202 1 COC 22712-0939 09 2004 1
Legal Description
35 52 41 N SILVER CREST MANORS PB 17-41 LOTS 19 TO 21 INC BLK 1 LOT SIZE 75.000 X 101 OR 20245-0785 0202 1 COC 22712-0939 09 2004 1
Amenities
front-facing parking
asphalted parking/open storage area
six-foot steel fence
two ADA-compliant bathrooms
brand-new commercial kitchen with a new hood
Building Details
Year built
1951
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Javier Colon PA · License #3367073
(786) 271-5139
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 21 at 4:06AM
MLS# A12080621
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 3,516-square-foot block building on a 7,575-square-foot lot. A full renovation is underway with updated electrical, plumbing, and mechanical systems, impact-resistant windows and doors, two ADA-compliant bathrooms, and a new commercial kitchen with hood. Concrete flooring and front-facing parking are complemented by a paved parking and open-storage area extending along the side and rear, secured by a six-foot steel fence. The building can accommodate two tenants.
The property fronts NW 119th St (SR 924), where reported AADT is 47,000. It is 0.6 miles west of I-95, with access to I-75 and Florida's Turnpike, and is six miles from Collins Ave. Current zoning is UC Center - Mixed Use Corridor (MC) 6 MAX HT in Miami-Dade County, supporting a mixed commercial and residential development framework with buildings up to 6 stories tall.
The property fronts NW 119th St (SR 924), where reported AADT is 47,000. It is 0.6 miles west of I-95, with access to I-75 and Florida's Turnpike, and is six miles from Collins Ave. Current zoning is UC Center - Mixed Use Corridor (MC) 6 MAX HT in Miami-Dade County, supporting a mixed commercial and residential development framework with buildings up to 6 stories tall.
Key Highlights
- 3,516‑square‑foot building on a 7,575‑square‑foot lot
- Full renovation underway, including electrical, plumbing, and mechanical systems
- New commercial kitchen with hood and two ADA‑compliant bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,066
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,661,320
$1.7M
Cap Rate 7%
$1,186,657
$1.2M
Cap Rate 9%
$922,956
$923.0K
Market Conditions
NOI Build-Up for 3,516 SF
Gross rent
$147.7K $42.00/SF
− Vacancy
−$14.8K −$4.20/SF
EGI
$132.9K $37.80/SF
− OpEx
−$49.8K −$14.18/SF
NOI
$83.1K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,661,320
Cap Rate 7%
$1,186,657
Cap Rate 9%
$922,956
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.38M
NOI $83,066 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,133 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
47,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial property with flexible interior capacity, secured open storage, and mixed-use corridor zoning.
Where is this mixed-use property located?
The property is located at 1180 NW 119th St Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,516‑square‑foot building on a 7,575‑square‑foot lot; Full renovation underway, including electrical, plumbing, and mechanical systems; New commercial kitchen with hood and two ADA‑compliant bathrooms
