Coral Ritz Shopping
New
For Sale
$19,000,000
1775 3 AVENUE, Miami, FL 33129
Commercial Sale, Miami, FL
Property Size18,013 SF
Lot Size1.00 Acre
Price / SF$1,054
Days on Market2
Property Features for 1775 3 AVENUE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
61/COMME
Parking features
Guest
Security features
Security
Exterior features
Storm/Security Shutters
Directions
CORNER OF CORAL WAY AND 3RD AVENUE.
Subdivision
41
Standard status
Active
APN
01-41-39-085-0010
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
RITZ SUBDIVISIONPB 162-68 T-21391 TR A LOT SIZE 43552 SQ
Tax Annual Amount
231000
Legal Description
RITZ SUBDIVISIONPB 162-68 T-21391 TR A LOT SIZE 43552 SQ
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
11
Flooring type
Tile, Vinyl, Concrete
Building materials
CBS (Concrete Block Structure), Block
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Marleny Zapata · License #3147458
(305) 467-6529
Added: Oct 15
Last Checked: Oct 16 at 10:06AM
MLS# A12106298
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.
Coral Ritz Shopping Center is an existing retail property on a 1-acre parcel in Miami. The center contains 18,013 square feet and has guest parking, central heating and air conditioning, and storm/security shutters. Its construction is CBS (concrete block structure) and block, with tile, concrete, and vinyl flooring. Public water and public sewer serve the property.
The center is near the Brickell area. The parcel’s size and existing building are the principal physical details provided for the property.
The center is near the Brickell area. The parcel’s size and existing building are the principal physical details provided for the property.
Key Highlights
- 18,013‑square‑foot shopping center on 1 acre
- Located in Miami near the Brickell area
- CBS (concrete block structure) and block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$587,686
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,753,720
$11.8M
Cap Rate 7%
$8,395,514
$8.4M
Cap Rate 9%
$6,529,844
$6.5M
Market Conditions
NOI Build-Up for 18,013 SF
Gross rent
$936.0K $51.96/SF
− Vacancy
−$96.4K −$5.35/SF
EGI
$839.6K $46.61/SF
− OpEx
−$251.9K −$13.98/SF
NOI
$587.7K $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%
$11,753,720
Cap Rate 7%
$8,395,514
Cap Rate 9%
$6,529,844
Alternative Uses
Best Use
Retail
$8.40M
$7.35M – $9.79M
NOI $587,686 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.16M
$10.64M – $14.19M
NOI $851,122 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11,526
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Ana office — 2929 SW 3rd Ave, Miami, FL 33129
- Stich Lab feria — 1548 Brickell Ave, Miami, FL 33129
- Miami — miami, fl 33130
- shooping center brickell — 1500 SW 1st Ave, Miami, FL 33129
- Estado de Portugal — Miami, FL 33131, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Guest parking, central air conditioning, and public water and sewer serve the existing retail property.
Where is this shopping center located?
The property is located at 1775 3 AVENUE Miami, FL.
What is the asking price?
The asking price for this property is $19,000,000.
What are key features of this property?
This property features: 18,013‑square‑foot shopping center on 1 acre; Located in Miami near the Brickell area; CBS (concrete block structure) and block construction
