Turnkey Convenience Store
For Sale
Contact for pricing
708 SW 17th Ave, Miami, FL 33135
Profitable, fully renovated convenience store in high-traffic Miami location.
Property Size600 SF
Price / SF$416.67
Days on Market235
Property Features for 708 SW 17th Ave
General Information
Standard status
Active
Size
600 SF
Property subtype
Business for Sale
Lease Type
NNN
Investment Type
Owner/User
Listing Agency:
LUXE Properties
Listed By:
Stefanie Bergmann · License #3266872
(305) 505-2002
Source:
Crexi
Added: Mar 1
Changed: Oct 12
Last Checked: Oct 20 at 6:05PM
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 LUXE Properties
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Investment Insights
Based on property information with market context.
This is a fully turnkey convenience store located in a high-traffic area. The operation functions as a convenience store, smoke shop, mini cafeteria, and ice cream shop. The business has been open for 9 months and features a complete interior renovation. All equipment, fixtures, and inventory are included with the sale. The inventory and equipment include a new ice cream machine, an industrial-grade espresso and coffee machine, a full inventory of vapes, edibles, cigarettes, and accessories, snacks, beverages, and essential toiletry items. The store is located less than one block from Calle Ocho. The property offers parking in the front and rear. Neighboring anchor businesses include a beauty supply store, La Granja, and a soccer merchandise shop.
Key Highlights
- Fully turnkey 24/7 convenience store in a prime, high‑traffic location.
- Versatile operation: convenience store, smoke shop, mini cafeteria, and ice cream shop.
- Complete interior renovation and brand new equipment, fixtures, and inventory included.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,575
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,500
$391.5K
Cap Rate 7%
$279,643
$279.6K
Cap Rate 9%
$217,500
$217.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$31.2K $51.96/SF
− Vacancy
−$3.2K −$5.35/SF
EGI
$28.0K $46.61/SF
− OpEx
−$8.4K −$13.98/SF
NOI
$19.6K $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%
$391,500
Cap Rate 7%
$279,643
Cap Rate 9%
$217,500
Alternative Uses
Best Use
Specialty Retail
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 11.34%
Second Best
Retail
$279.6K
$244.7K – $326.3K
NOI $19,575 @ 7.0% cap · market cap 7.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,450
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Sapil Supermarket — 2201 SW 16th St, Miami, FL 33145
- Latin Cafe & Mini Market — 1164 SW 17th Ave, Miami, FL 33135
- Presidente Supermarket — 1895 SW 8th St, Miami, FL 33135
- Supermercado argentino — 1305 SW 8th St, Miami, FL 33135
- La Bodeguita De Lazaro — 0141020110280, Miami, FL 33135
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Profitable, fully renovated convenience store in high-traffic Miami location.
Where is this grocery and convenience store located?
The property is located at 708 SW 17th Ave Miami, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Fully turnkey 24/7 convenience store in a **prime, high‑traffic location.**; Versatile operation: convenience store, smoke shop, mini cafeteria, and ice cream shop.; Complete interior renovation and brand new equipment, fixtures, and inventory included.**
