1450 NW 17th Ave Miami, FL 33125
Retail
MLS #: A11916474
Courtesy Of Related ISG Realty
Property InformationDescription
This is a high-potential, value-add mixed-use corner building strategically located at 1450 NW 17th Ave, directly by the burgeoning River Landing District. The 16,510 sq. ft. property benefits from massive exposure on a highly trafficked artery, estimated to carry over 21,000 cars per day, making it ideal for retail and office tenants. With a strong 90% occupancy providing immediate cash flow and the recent successful completion of its 50-Year Recertification, the property offers stability, yet is poised for exceptional growth. The current average rent of $17.50/SF is dramatically below the submarket average of $34.80/SF, presenting a clear opportunity to achieve a massive 250% upside potential in NOI growth through strategic lease-up and market rent adjustments.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Block
- Legal Description: KENWOOD PB 6-134 LOTS 1 & 2 BLK 5 LOT SIZE 143.400 X 105
- MLSID: A11916474
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