1166 17th Ave ,Retail, Retail Space for Sale & Rent

1166 17th Ave for Sale & Rent

Price $2,820,000.00

• Lot size 19304
• Year Build 1925
• Waterfront
• Zip 33135
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

SOUTH SHENANDOAH PB 11-64 LOTS 1 & 2 BLK 1 LOT SIZE 117.500 X 107 OR 15797-4342 0193 5

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.

City:Miami,Zoning:0100,List A O R:A-Miami Association of REALTORS,Tax Year:2025,Latitude:25.7618981,List Price:2820000,Listing Id:A11976706,Longitude:-80.222697,Mls Status:Active,Year Built:1925,Postal Code:33135,Street Name:17th Ave,Coordinates:1:25.7618981,Photos Count:10,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2026-03-04,Parcel Number:01-41-10-064-0010,Property Type:Commercial Sale,Street Number:1166,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2026-12-31,List Office Name:Compass Florida, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5336,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:44579,Unparsed Address:1166 SW 17th Ave, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Total:9352,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:19304,M I A M I R E_ Flood Zone:X,Original List Price:2820000,Public Survey Range:41,Attribution Contact:305-209-8866,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-03-04,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:24 Hour Notice,Appointment Only,See Broker Remarks,Street Number Numeric:1166,Tax Legal Description:SOUTH SHENANDOAH PB 11-64 LOTS 1 & 2 BLK 1 LOT SIZE 117.500 X 107 OR 15797-4342 0193 5,M I A M I R E_ Current Price:2820000,Public Survey Township:41,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Please contact listing broker for more information,M I A M I R E_ Parcel Number M L X:0010,M I A M I R E_ Street View Param:1$25.761891$-80.222684$301.83$13.33$1.00$jnKVQIFGG62aGPCuDzygnw,Contract Status Change Date:2026-03-04,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:64,M I A M I R E_ Attribution Contact:305-209-8866,M I A M I R E_ Agent Alternate Phone:305-209-8866,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1166 SW 17th Ave,Internet Automated Valuation Display Y N:1,