Property summary
This 1,134 square foot single-tenant retail space, located at 1675 NW 54th Street in Miami, Florida (zip code 33142), presents a unique investment opportunity. Built in 1972, this one-story building sits on a 250-acre lot and boasts a 5.0 FAR. The property features ample parking with 20 spaces and is strategically located on a major east-west and north-south corridor in the Model City submarket, experiencing high daily traffic averaging 25,000 vehicles. Its convenient access from both 17th Avenue and NW 54th Street provides excellent visibility and accessibility. The property's zoning is T-6-8O. The location offers direct access to Hialeah, Allapattah, Little River, and Wynwood, placing it within a rapidly developing area with numerous new residential and commercial developments nearby. Property taxes are $2.58 per square foot. The building has a 10% load factor and is currently vacant. The APN is 0131220526530. This property is ideal for a restaurant or other special purpose retail use. The site previously housed the only Dairy Queen within a 10-mile radius. The property includes power.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FLZoning
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Zoning designation
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