For Sale
Call for price

14 1St AveMiami, FL 33132

10,133 SF, 6-unit retail building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A retail property, located at 14 NE 1st Ave in Miami, Florida (33132), presents a compelling value-add investment opportunity. The 10,133 square foot building, constructed in 1952 and renovated in 2015, boasts a diverse mix of six tenants, including a bank and a major telecommunications provider, Metro by T-Mobile. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $416,713. The building's prime location in Miami's downtown core, surrounded by significant developments such as Miami World Center, Waldorf Astoria, and Aston Martin Residences, ensures high visibility and strong tenant demand. The existing tenant mix offers immediate cash flow, while the potential for future rent increases and lease conversions to triple-net (NNN) leases provides significant upside potential for the savvy investor. This multi-tenant retail investment is ideally suited for those seeking a strong return in a thriving urban environment. The property is zoned for bank, convenience store, and restaurant uses.

Highlights

  • Six tenants currently occupy the space.
  • Prime downtown location.
  • Excellent proximity to high-end dining and entertainment in the Downtown and Brickell areas.
  • Major tenants include First American Bank, City of Miami, and Metro by T-Mobile.

Property Details for 14 1St Ave

Property type
Retail properties, Restaurants
Square Feet
10,133 SF
Class
A
Year Built/Renovated
1952/2015
Units
6

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7744312
Longitude
-80.1921706
14 1St Ave, Miami, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
14 1St Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message