1818 NW 17Th Ave Miami, FL 33125

Property Details for 1818 NW 17Th Ave

Year built

1918

Construction

TYPE NOT SPECIFIED

Lot size

0.12 lot acres

Property size

3,696 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail residential properties

APN

01-3134-013-0400

APU

131340130400

Description

This exceptional Miami retail property, located at 1818 NW 17th Avenue, presents a compelling value-add opportunity. The 4,437 square foot property sits on a 5,043 square foot lot and boasts two buildings constructed in 1918 and 1971, recently renovated in 2022-2023. Currently housing two tenants (a grocery store and a tire shop) with 100% occupancy, the grocery store will vacate upon closing, creating immediate repositioning potential. The main building (3,696 sq ft) offers ground-level retail space with upper-level storage/office areas. The secondary building (741 sq ft) is leased to the tire shop, generating $29,690 in annual gross rent. The property benefits from flexible T6-8-O zoning, allowing for a variety of uses. Significant recent improvements include a new roof, hurricane-resistant impact windows, and over $300,000 invested in renovations. Its prime corner location on NW 17th Avenue, near the River Landing Class A development and the Health District, offers exceptional visibility and access to a rapidly developing neighborhood. The asking price is $1,599,000 ($360.38/sq ft). The lease is a gross lease with a remaining term of 0.5 years expiring June 1, 2025. This property is ideal for owner-users or investors seeking to capitalize on the area's growth and repositioning potential. A 40/50-year recertification has been completed.