Prime Retail Shopping Center on US-1

Highlights:

• Recently Redeveloped with a New Roof and Façade
• 92,351 SF on ±9 AC with 90 Unit Per Acre Zoning
• 509 Common Parking Spaces
• 600 ft Frontage on US-1 with over 46,000 AADT
• Over 46,000 New Beds Delivered in Area since 2018
• E-commerce Resistant Tenant Roster with Medical, Grocer and Gym
• Near Walmart and several major Multifamily and Townhome Housing Developments

Description:

Lee & Associates South Florida is pleased to offer Shoppes at Naranja Lakes for sale, an exceptional value-add retail investment opportunity located in the high-growth corridor of South Miami-Dade County that has delivered over 46,000 beds since 2018. This 92,351 SF neighborhood shopping center sits on approximately 9 acres, boasting over 600 feet of prime retail frontage along US-1/S Dixie Highway with daily traffic counts exceeding 46,000 AADT. The center was recently redeveloped and is anchored by a solid mix of national credit tenants, including a gym, medical center, and grocer. The property offers investors significant upside potential, under market rents, and the ability to redevelop up to 90 units per acre as part of the Leisure City Community Center Charrette.

Adjacent to the Fresco Y Mas-anchored Naranja Shopping Center and near a newly developed Walmart Neighborhood Center, the site is at the heart of a rapidly growing community that has delivered over 46,000 New Beds since 2018 with many more still under construction. With 509 parking spaces, flexible zoning, and close proximity to major highways like the Florida Turnpike, this retail center is ideally positioned for long-term appreciation and steady income.

This Property boasts 600 feet of frontage on US-1 and traffic counts of 45,000 AADT. It is 5 minutes away from the 137th Ave Turnpike Exit and surrounded by high density single family, townhome and multifamily developments. Located in a shopping plaza with Fresco y Mas (Winn Dixie), Family Dollar, T-mobile, Autozone, and several other premier co-tenants.

Documents: