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17325 NW 27Th Ave Miami Gardens, FL 33056

For Sale
$6,950,000

Fully occupied mixed-use building with strong cash flow and upside.

Lot size:
0.90 Acres

Property Features for 17325 NW 27Th Ave

General Information

Lot size
0.90 Acres

Building Details

Year built
1989

Source: Castillo & Associates Real Estate, Inc Agent Maydelin Castillo Florez

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


Overview

Miami Gardens Mixed-Use Investment

This mixed-use building, constructed in 1989, offers a strong and stable cash flow for potential investors. The building spans 24,964 square feet on a 39,204-square-foot lot. It features 85 parking spaces, one elevator, and two staircases. Recent upgrades include a new roof, LED lighting, surveillance cameras throughout the property, and an LED monument sign. The property is 100% occupied with all triple net leases and a cap rate of 7.03%. The investment presents a unique opportunity to own a mixed-use building with small spaces that can easily be rented out in a rapidly growing neighborhood. There is upside potential by leasing the remaining unit plus adjusting rents through multiple short-term leases. The triple net leases feature annual escalations, providing strong rent growth for a potential buyer. This is the first time the property has been on the market in over 20 years.
Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

Location Insight

  • Map
  • Local Demand
City
Miami Gardens
County
Miami-Dade
State
Florida
Longitude
-80.244332
Latitude
25.93246

FAQs

What type of property is this?
Mixed-use property - Fully occupied mixed-use building with strong cash flow and upside.
Where is this mixed-use property located?
The property is located at 17325 NW 27Th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: - 100% Occupied with Triple Net Leases: Provides immediate and stable cash flow.; - 7.03% Cap Rate: Represents a strong return on investment.; - Upside Potential: Opportunity to increase revenue by leasing the remaining unit and adjusting rents.
More about this property
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