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2814 17th Ave Miami, FL 33142-6630

OFF-MARKET Outlet malls Google Maps
746 SF 0.17 ac lot Built 1940
Individually Owned 10-yr Hold ~ Est. High Equity
Estimated value (blended)
$320k
Range $288k – $352k (±10%)
Property ID US18-3101970

Property summary

AI-generated overview

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

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1940
Construction CONCRETE
Total area 746 SF
Lot 0.17 ac (7,496 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-3127-055-0220
UPID US18-3101970

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Appliance Store Hardware & Home Improvement
  • Accounting Firm Tax Preparation
  • Painting Service General Contractor
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2016
2 recorded transactions
2016
$237,000
1969
Price N/A

Zoning & alternative use

6100:COMMERCIAL,NEIGHBRHD · Miami, 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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