Contacts
Virgilio Fernandez
Colliers
Mitash Kripalani
Colliers
Alain Crego
Colliers
Property Details
- Property Type Retail
- Lot Size 9,170 SF
- Additional Rent Contact for pricing
- Date Updated Sep 5, 2024
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, multi-ethnic, 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.
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Getting around
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88/100
Walk Score ®
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61/100
Transit Score ®
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72/100
Bike Score ®
Location
- City Miami, FL
- Neighborhood Allapattah
- Zip Code 33127
- Market Miami
Points of Interest
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Santa Clara
0.83 miles
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School Board
1.43 miles
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Adrienne Arsht Center
1.64 miles
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Wilkie D. Ferguson, Jr.
1.99 miles
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Freedom Tower
2.03 miles
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College North
2.07 miles
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Miami Avenue
2.38 miles
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Third Street
2.47 miles
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Fifth Street
2.69 miles
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Eighth Street
2.84 miles
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ChargePoint Charging Station
0.79 miles
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Marathon
0.93 miles
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Tesla Supercharger
1.02 miles
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BP
1.18 miles
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Shell
1.23 miles
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Shell
1.24 miles
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Biscayne Gas
1.89 miles
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Chevron
2.15 miles
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Valero
2.21 miles
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U Gas
2.24 miles
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North Parking Garage
0.87 miles
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Highland Professional Building
0.90 miles
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CITY VIEW GARAGE
0.94 miles
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Baskon Palmer Private Parking
0.95 miles
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Park Plaza East
0.95 miles
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Museum Garage
1.02 miles
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PALM COURT GARAGE
1.07 miles
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Park Plaza West
1.15 miles
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PARADISE PLAZA GARAGE
1.15 miles
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Dominion Tower Parking Garage
1.24 miles
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Love Life Café
0.38 miles
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Serendipity
0.43 miles
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The Taco Stand
0.50 miles
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DOYA
0.54 miles
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Bakan Wynwood
0.55 miles
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Wynwood Smoke and Lounge
0.55 miles
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Jugofresh
0.56 miles
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Le Chick Miami
0.58 miles
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Wynwood Kitchen & Bar
0.59 miles
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Wynwood Diner
0.60 miles
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Ross
0.84 miles
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Target
0.90 miles
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Marshalls
0.91 miles
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Price Choice
1.33 miles
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Publix
1.43 miles
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Upper Buena Vista
1.48 miles
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Publix
1.58 miles
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Sabal Palm Shopping Center
1.64 miles
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Babados FOR NOW! Wholesales
1.75 miles
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MIAMI Vice City | Sex & Smoke Shop
1.75 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.