
Courtesy of: Arthur Porosoff, Compass Florida, LLC, art@porosoff.com
$2,820,000
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Retail
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$2,820,000
1166 SW 17th Ave a 100% occupied retail strip center in Miami’s Little Havana / Shenandoah corridor. The 8, 299 SF retail building sits on a 12, 573 SF lot with 118 feet of frontage on SW 17th Avenue. An adjacent 1, 053 SF house at 1700 SW 11th Terrace is included on a separate 6, 732 SF lot, valued at $550, 000, with the retail component priced at a 5.0% cap rate on NOI. Combined, the parcels total 19, 304 SF of land. Four established tenants — a grocery store, laundromat, bakery, and salon — generate $158, 400 in gross scheduled income with an estimated net operating income (NOI) of approximately $113, 549. All retail leases include built-in $100/year annual rent increases, and the weighted average lease term exceeds 75 months. Operating expenses are minimal at ~$36, 931/year, with tenants responsible for their own utilities and no HOA or condo fees. The offering includes wine & beer and lottery licenses, equipment, machinery, and inventory. The property benefits from a prime SW 17th Avenue location in the established Little Havana neighborhood with direct proximity to Downtown Miami, Brickell, and Coral Gables. Over 45, 000 residents live within a one-mile radius, supporting consistent retail demand and foot traffic. This turnkey investment offers stable in-place income, contractual rent growth, low operating expenses, and continued upside in one of Miami’s most dynamic commercial corridors.
Courtesy of: Arthur Porosoff, Compass Florida, LLC, art@porosoff.com
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