2814 17th Ave Miami, FL 33142-6630
Property summary
This 1,500 sq ft vacant storefront in Miami's Allapattah neighborhood presents a compelling investment opportunity. Located on NW 17th Ave, a major corridor with 19,500 daily cars, this property boasts high visibility and accessibility. The 7,496 sq ft lot features a 1,500 sq ft retail/office building at the front and a 900 sq ft warehouse-style building at the rear, offering flexibility for various uses. Zoned T6-8-O, the property allows for mixed-use mid-rise development, presenting significant upside potential for future expansion or redevelopment. The asking price is $1,500,000 ($1,000/sq ft), with a land value of $213/sq ft. Built in 1940, this property is situated in a rapidly growing area, connecting Allapattah to Wynwood and Edgewater. Its location near major neighborhoods and high traffic corridors makes it ideal for a buy-and-hold strategy or a value-add project. Seller financing is available. The property includes on-site parking. This is a rare chance to acquire a well-positioned asset in a thriving Miami submarket.
Property profile
VerifiedCap rate & NOI
Current use
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Home Appliance Store Hardware & Home Improvement
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Accounting Firm Tax Preparation
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Painting Service General Contractor
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Corporate Office
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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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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The district profile from the municipal source: what is on file for 6100:COMMERCIAL,NEIGHBRHD in Miami, FL.
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