1450 NW 17th Ave
$4,150,000
1450 NW 17th Ave, Miami, FL 33125
16,510 sqft
Building Size
1946
Year Built
Details:
Highlights:
- Lot Features: Corner Lot
- Number Of Buildings: 1
- Construction Materials: CBS Construction
- Parking Features: Additional Spaces Available
Description:
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.
Location
Gallery
