1166 SW 17th Ave, Miami, FL 33135

• 9,352 sqft

Property 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.

Listing Status:

Active

Date Added:

March 4, 2026

Data Last Updated:

March 28, 2026 at 7:07AM

Listing Office:

Compass Florida, LLC : 305-851-2820

Listing Agent:

Arthur Porosoff : 305-209-8866

MLS ID:

A11976706

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 0100SOUTH SHENANDOAH PB 11-64 LOTS 1 & 2 BLK 1 LOT SIZE 117.500 X 107 OR 15797-4342 0193 501-41-10-064-0010

Financial

• Source: Miami Association of REALTORS®