Multi-Tenant Commercial Property with
2234 NW 17th Ave Miami, FL 33142
For Sale
$1,275,000
Pending
Multi-tenant site on NW 17th Ave featuring a restaurant, an auto body shop, and an additional apartment unit.
Property Size2,543 SF
Days on Market2103
Property Features for 2234 NW 17th Ave
General Information
- Standard status
- Pending
- Size
- 2,543 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1914
Listing Agency:
(305) 282-1862
Listed By:
Gridline Properties
(305) 282-1862
Source:
Xome
Added: Oct 24, 2020
Changed: Jul 25
Last Checked: Jul 25 at 6:32PM
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 Gridline Properties
Investment Insights
Based on property information with market context.
This multi-tenant commercial property at 2234 NW 17th Ave, Miami, FL 33142 includes three tenant spaces and a Clear Channel billboard. The tenant mix is described as a restaurant, an apartment, and an auto body shop, creating a built-in combination of retail and automotive-oriented uses within the same site.
The property is positioned along a busy, thriving 17th Avenue corridor in Central Allapattah, supporting frequent commercial activity. Public remarks also note that an adjacent and contiguous property is available for sale separately.
Overall, the asset presents a straightforward three-tenant configuration with signage through the included billboard, along with an apartment component on-site, and an auto body shop tenant use.
The property is positioned along a busy, thriving 17th Avenue corridor in Central Allapattah, supporting frequent commercial activity. Public remarks also note that an adjacent and contiguous property is available for sale separately.
Overall, the asset presents a straightforward three-tenant configuration with signage through the included billboard, along with an apartment component on-site, and an auto body shop tenant use.
Key Highlights
- Multi‑tenant site on NW 17th Ave featuring a restaurant, an auto body shop, and an additional apartment unit
- 3 tenants included
- No pool on the property
Financial Insights For Retail
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 | $132.1k | $51.96 |
| − Vacancy | −$13.6k | −$5.35 |
| EGI | $118.5k | $46.61 |
| − OpEx | −$35.6k | −$13.98 |
| NOI | $83.0k | $32.63 |
2,543 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.50M – $2.00M
NOI $120,158 @ 7.0% cap · market cap 9.42%
Second Best
Retail
$1.19M
$1.04M – $1.38M
NOI $82,967 @ 7.0% cap · market cap 6.51%
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
Don Toston
Restaurant
Braft Payroll
Accounting Firm
FAQs
What type of property is this?
Conventional restaurant - Multi-tenant site on NW 17th Ave featuring a restaurant, an auto body shop, and an additional apartment unit.
Where is this conventional restaurant located?
The property is located at 2234 NW 17th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Multi‑tenant site on NW 17th Ave featuring a restaurant, an auto body shop, and an additional apartment unit; 3 tenants included; No pool on the property
