Corner Retail Property with Two
1818 NW 17th Ave Miami, FL 33125
New
1818 NW 17th Ave, Miami, FL, 33125
$1,399,999
For Sale
$1,399,999
Free-standing corner property with an active grocery building and a leased tire shop under flexible T6-8-O zoning.
Property Size4,437 SF
Lot Size0.12 Acres
Price / SF$315.53
Days on Market2
Property Features for 1818 NW 17th Ave
General Information
- Standard status
- Active
- Size
- 4,437 SF
- Lot size
- 0.12 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1918
Listing Agency
Compass Florida, LLC.
(203) 913-6485
Listed by
Grecia Araujo · License #3347644
(203) 913-6485
Source
Xome
Added: Jul 17 Checked: Jul 18 at 3:11 am
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 Compass Florida, LLC.
Investment Insights
Based on property information with market context.
This free-standing commercial property sits on a corner lot and includes two separate structures. The main building totals 3,696 SF and is currently operated as an owner-operated grocery store on the ground floor, with storage/office space on the second and third levels. A secondary 741 SF structure is leased to a tire shop, providing in-place rental income. The property is carried on a 5,045 SF lot and is supported by flexible T6-8-O zoning.
The asset is located at 1818 NW 17th Ave in Miami, Florida. Public remarks note the site is on a main corridor and is within blocks of the River Landing development and the Health District.
At closing, the property can be delivered vacant. The purchase may also include business equipment and licenses tied to the existing grocery operation, including a scale license, tobacco sales, and beer & wine, depending on negotiation.
The asset is located at 1818 NW 17th Ave in Miami, Florida. Public remarks note the site is on a main corridor and is within blocks of the River Landing development and the Health District.
At closing, the property can be delivered vacant. The purchase may also include business equipment and licenses tied to the existing grocery operation, including a scale license, tobacco sales, and beer & wine, depending on negotiation.
Key Highlights
- Free‑standing corner commercial property with two structures totaling 4,437 SF
- Main building is 3,696 SF with ground‑floor grocery use and storage/office on the 2nd and 3rd levels
- Secondary structure is 741 SF leased to a tire shop, providing in‑place rental income
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.4k | $20.16 |
| − Vacancy | −$4.3k | −$0.97 |
| EGI | $85.2k | $19.19 |
| − OpEx | −$25.5k | −$5.76 |
| NOI | $59.6k | $13.43 |
4,437 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.99M
$2.62M – $3.49M
NOI $209,650 @ 7.0% cap · market cap 14.98%
Second Best
Retail
$2.07M
$1.81M – $2.41M
NOI $144,760 @ 7.0% cap · market cap 10.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
San Antonio Corporation
Grocery & Convenience Store
Santa Barbara Produce
Department Store
Similar For Sale Nearby
Similar Off Market Nearby
- Asad Ahmad — 1465 NW N River Dr UNIT 2601, Miami, FL 33125
- Riviera Super Market — 1710 NW 17th Ave, Miami, FL 33125
- Elia — 1440 NW N River Dr Suite 195, Miami, FL 33125
- El shaddai supermarkert — 1944 nw 17th ave c, miami, fl 33125
- La Unika Market — 2430 NW 20th St, Miami, FL 33142
FAQs
What type of property is this?
Grocery and convenience store - Free-standing corner property with an active grocery building and a leased tire shop under flexible T6-8-O zoning.
Where is this grocery and convenience store located?
The property is located at 1818 NW 17th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Free‑standing corner commercial property with two structures totaling 4,437 SF; Main building is 3,696 SF with ground‑floor grocery use and storage/office on the 2nd and 3rd levels; Secondary structure is 741 SF leased to a tire shop, providing in‑place rental income
