4685 NW 7th St, Miami, FL 33126

• 10,800 sqft

Property Description

Fully leased neighborhood retail strip center offering stable in-place income (100% occupied) with strong tenancy mix and immediate cash flow. Positioned on a prominent corner lot along NW 7th Street, the property benefits from high visibility and consistent consumer traffic within one of Miami’s primary service corridors. The asset is strategically located along a major east-west arterial roadway with approximately 44,744 vehicles per day (VPD), providing excellent exposure and accessibility. The corridor serves as a key commercial and transit link, located approximately 0.5 miles from SR 836 (Dolphin Expwy) and 2 miles from SR 826 (Palmetto Expwy). Zoned T6-8-O, the property allows for high-density mixed-use development and qualifies under the Live Local Act for affordable and workforce housing. While currently positioned as an income-producing investment, the asset offers long-term redevelopment potential. Pro forma stabilization supports an estimated cap rate of approximately 5.6%, with significant upside through rent growth toward market levels. An Offering Memorandum is available that outlines a conceptual affordable/senior housing development scenario, including the financing structure and capital stack. This is not an approved project but illustrates future potential. The submarket is currently favoring stabilized retail assets, with limited new retail development, positioning this opportunity as a covered land play with strong current income and future upside.

Listing Status:

Active

Date Added:

March 25, 2026

Data Last Updated:

March 29, 2026 at 12:06AM

Listing Office:

Fortune Christie's International Real Estate : 305-720-2314

Listing Agent:

Maria Miranda : 786-399-3192

MLS ID:

A11988163

Exterior

• Parking: Parking spaces: 24

Construction

• General: CBS Construction1

Location

• Road/Access: City Street
• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 610032 53 41 .56 AC M/L LE JEUNE GARDENS ESTS PB 40-37 LOT 15 LESS S5FT FOR RD BLK 4 LOT SIZE 24375 SQUARE FEET OR 10437-2391 0679 601-31-32-006-0300
• Current Use: Retail

Utilities

• Water: Public
• Sewer: Public Sanitation

Financial

• Source: Miami Association of REALTORS®