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Property profile

1743 Bay Rd Miami Beach, FL 33139

Outlet malls
Property ID
US18-3289116
View Sample
3,740 SF 0.13 ac lot Built 1937
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional retail property, located at 1743 Bay Road in Miami Beach's coveted Sunset Harbor neighborhood, presents a unique investment opportunity. The single-story, freestanding building boasts 3,740 square feet of space on a 0.13-acre lot (5,665 square feet). Constructed in 1937, the property is zoned I-1 and offers high visibility and significant foot traffic. Its prime location within Sunset Harbor places it amidst a vibrant mix of upscale restaurants, boutique shops, and luxury condominiums, ensuring a consistent flow of both local and tourist clientele. The property's strategic positioning benefits from its proximity to other successful retail, dining, and residential developments, including the newly constructed 18Sunset building directly across the street, which features Class A+ office space, ground floor retail, and luxury residential units. This presents a compelling opportunity to capitalize on the area's thriving commercial landscape and strong demand. The asking price for this exceptional property is $5,950,000. The property's single-tenancy structure offers flexibility and control, making it an ideal investment for discerning buyers seeking a foothold in one of Miami Beach's most dynamic and desirable neighborhoods. The property's location and characteristics make it an attractive investment for a variety of retail uses. The Miami-Dade County property's APN is 02-3233-012-0670 and the zip code is 33139.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1937
Construction CONCRETE
Total area 3,740 SF
Lot 0.13 ac (5,500 SF)
Zoning code 7000:INDUSTRIAL,GENERAL
APN 02-3233-012-0670
UPID US18-3289116

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.88M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.80M

Owner & transaction history

Zoning & alternative use

7000:INDUSTRIAL,GENERAL · Miami Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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