Corner Retail
1420 S Miami Avenue, Miami, FL 33133
For Sale
Contact for pricing
Flexible storefront layout with the option to divide the premises into as many as three commercial spaces.
Property Size15,985 SF
Price / SF$0.01
Days on Market58
Property Features for 1420 S Miami Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Frontage
Corner Location
Building Details
Building Size
Listing Agency:
Fortune Christie's Intl R.E.
Listed By:
Wolfgang Herz · License FL #3029707
(786) 303-2181
Source:
Batrare
Added: Sep 16
Changed: Nov 11
Last Checked: Nov 10 at 5:18PM
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 Fortune Christie's Intl R.E.
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Investment Insights
Based on property information with market context.
This retail property at 1420 S Miami Avenue comprises 15,985 square feet, including 12,927 square feet on the ground floor and a 3,058-square-foot mezzanine. The layout can be configured as up to three separate spaces and includes two prominent corner positions.
The property provides approximately 240 feet of frontage along South Miami Avenue in Miami’s Brickell area. It is located near Brickell City Centre and is surrounded by luxury residences and hotels, placing the storefront within an established retail corridor with pedestrian and vehicle connectivity.
The property provides approximately 240 feet of frontage along South Miami Avenue in Miami’s Brickell area. It is located near Brickell City Centre and is surrounded by luxury residences and hotels, placing the storefront within an established retail corridor with pedestrian and vehicle connectivity.
Key Highlights
- 15,985 SF retail property with 12,927 SF at ground level
- 3,058 SF mezzanine included
- Approximately 240 feet of South Miami Avenue frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$521,522
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,430,440
$10.4M
Cap Rate 7%
$7,450,314
$7.5M
Cap Rate 9%
$5,794,689
$5.8M
Market Conditions
NOI Build-Up for 15,985 SF
Gross rent
$830.6K $51.96/SF
− Vacancy
−$85.5K −$5.35/SF
EGI
$745.0K $46.61/SF
− OpEx
−$223.5K −$13.98/SF
NOI
$521.5K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,430,440
Cap Rate 7%
$7,450,314
Cap Rate 9%
$5,794,689
Alternative Uses
Best Use
Retail
$7.45M
$6.52M – $8.69M
NOI $521,522 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.79M
$9.44M – $12.59M
NOI $755,298 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Miami, FL
Properties on Market for Retail space in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Flexible storefront layout with the option to divide the premises into as many as three commercial spaces.
Where is this retail space located?
The property is located at 1420 S Miami Avenue Miami, FL.
What are key features of this property?
This property features: 15,985 SF retail property with 12,927 SF at ground level; 3,058 SF mezzanine included; Approximately 240 feet of South Miami Avenue frontage
