3030-3036 Retail Mixed-Use Investment
5,531 SF | 100% Leased | Retail Building | Miami, FL 33127 | $2,000,000 ($362/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,000,000
- Property Type
-
Retail
- Square Feet
- 5,531 SF
- Price / Square Foot
- $362
Listing Contacts
Mitash Kripalani
Verified Profile
Virgilio Fernandez
Verified Profile
Alain Crego
Verified Profile
- Property Info
Property Overview
Colliers is excited to present a unique investment opportunity in Allapattah, Florida. Situated directly on NW 7th Avenue, a major thoroughfare at the entrance to Wynwood, this mixed-use property features a multi-tenant retail strip center and a detached home. This offering represents a strong cash-flowing asset with significant future upside potential. Several tenants are currently below market rates, providing an opportunity for increased rental income upon renewal. This property is an attractive investment in a rapidly growing and revitalizing neighborhood, ideal for investors looking to capitalize on underutilized assets. Nestled between Miami International Airport and the Wynwood area, Allapattah is a vibrant, multiethnic, working class neighborhood recognized as one of Miami’s most dynamic communities. It serves as a major hub for health services, accounting for 40.8 percent of local employment, largely thanks to the Miami Health District. With the average household income projected to increase by 24.9% by 2027, it presents a promising investment opportunity. The property is strategically situated in an area known for its thriving art scene and extensive amenities. Coupled with the area’s demographic growth and the robust multifamily market, this underscores its potential as a lucrative residential development project
Property Details
- Class
- C
- Year Built
- 1940
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 9,148 SF
Highlights
- Prime Location: Situated directly on NW 7th Avenue at the entrance to Wynwood, in Allapattah, Florida.
- Opportunity zone: Provides significant tax benefits.
- Mixed-Use Property: Features a multi-tenant retail strip center and a detached home, offering diverse income streams.
- Strong Cash Flow: This property is a strong cash-flowing asset with significant upside potential.
- Rental Income Growth: Several tenants are currently below market rates, providing opportunities for increased rental income upon renewal.
- High Growth Area: Located in a rapidly growing and revitalizing neighborhood, perfect for investors looking to capitalize on underutilized assets.
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