305-609-4190
1775 3 AVENUE, Miami FL 33129
Active Retail

1775 3 AVENUE, Miami FL 33129

Miami, FL, 33129

$19,000,000

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Beds
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Baths
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Sq Ft
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Year Built
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Lot Sq Ft
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Garage

Photo Gallery (2 photos)

About This Property

SHOPPING CENTER FOR SALE! LOCATION, LOCATION, LOCATION. PRIME RETAIL SPACE FOR SALE! HIGH VISIBILITY, DAILY TRAFFIC FLOW. 1 ACRE LOT, 18, 013 SQ. FT. CORAL RITZ SHOPPING CENTER. IT IS THE BEST INVESTMENT YOU CAN DREAM OF; VERY CLOSE TO BRICKELL AREA. YOU CAN MAINTAIN THE EXISTING BUILDING OR BUILD A NEW BUILDING OF 8 FLOORS. MAXIMUM TO BUILD 217,000, OR BUILD WITH THE LIVE LOCAL ACT 470 UNITS WITH APROX 334,400 SF DEDICATED WITH 188 AFFORDABLE HOUSING UNITS, 66 LODGING UNITS AND 216 MARKET RATE UNITS FOR A TOTAL OF 564,000 SF OF CONSTRUCTION AREA IN 24 FLOOR LEVELS. BASE ON THE PROGRAM REQUIREMENTS AND GUILINES SUBMITTED AND SUBJECT TO THE TERMS AND ALL THE APPLICABLE LAWS AND REGULATIONS IN EFFECT AT THE TIME OF SUBMITAL. SUBJECT TO VERIFY THE LIVE LOCAL ACT

Property Details

MLS #

A12106298

Status

Active

Property Type

Commercial Sale

Sub Type

Retail

Stories

1

Pool

No

Waterfront

No

HOA Fee

None

Est. Insurance

$6,333/mo

Tax Year

2025

Tax Amount

$231,000

Garage

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Lot Size

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$133,000
Est. Monthly Rent
-0.5%
Cap Rate
-2.5%
Cash-on-Cash
$-94,892
Net Operating Income

ROI Projections (4% Annual Appreciation)

96%
5-Year ROI
Value: $23,116,405
215%
10-Year ROI
Value: $28,124,641
363%
15-Year ROI
Value: $34,217,927

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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