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1661 West Ave - United States Post Office 3,467 SF Specialty Building Offered at $6,957,624 CAD at a 4.23% Cap Rate in Miami Beach, FL 33139
Investment Highlights
- Credit-Tenant Stability
- Strategic Future Potential
- Infrastructure Resilience
Executive Summary
EXECUTIVE SUMMARY
1661 West Avenue presents a premier acquisition opportunity in the heart of a resilient corridor in Miami Beach. Anchored by the United States Postal Service (USPS), the asset provides immediate sovereign credit cash flow. Beyond NOI, this site offers a rare canvas for a visionary investor to shape the future of Miami Beach, contributing to the continued evolution and sophistication of this world-class destination.
INVESTMENT HIGHLIGHTS
Credit-Tenant Stability: Current operations are anchored by the USPS, providing a recession-resistant income stream and notable downside protection.
Infrastructure Injection: The site is a beneficiary of "The Public Infrastructure Injection" ("The Miami Beach Phase II"). This includes comprehensive street raising and modernized utility mains, designed to enhance long-term property resilience and value.
Strategic Potential: Located within an established and evolving corridor, the property is positioned for a transformative play, leveraging its proximity to national retailers and the ongoing revitalization of the West Avenue district.
Connectivity: The site is steps from the Lincoln Road Mall, Venetian Causeway, and Trader Joe's.
LOCATION & MARKET DYNAMICS
The West Avenue corridor continues to evolve as a luxury district for residents, professionals, and visitors.
Locational Synergy: Immediate neighbors include flags like Publix on the Bay, The Fresh Market, and the 17 WEST development.
Institutional Drivers: Proximity to the Miami Beach Convention Center ensures a constant influx of tourism and professional traffic.
THE "DEAL ROOM" & DUE DILIGENCE
Qualified investors may access the Confidential Document Vault upon execution of a Confidentiality Agreement (CA). Restricted files include:
U.S. POSTAL SERVICE (USPS) LEASE
HISTORICAL 3-YEAR OPERATING STATEMENTS (2023-2025)
THE FULL OFFERING MEMORANDUM
DISCLOSURE & CONTACT
SHAPTOWN
Lead Associate: Joel Shapori, Licensed Real Estate Sales Associate (FL).
Brokerage: SHAPTOWN.
1661 West Avenue presents a premier acquisition opportunity in the heart of a resilient corridor in Miami Beach. Anchored by the United States Postal Service (USPS), the asset provides immediate sovereign credit cash flow. Beyond NOI, this site offers a rare canvas for a visionary investor to shape the future of Miami Beach, contributing to the continued evolution and sophistication of this world-class destination.
INVESTMENT HIGHLIGHTS
Credit-Tenant Stability: Current operations are anchored by the USPS, providing a recession-resistant income stream and notable downside protection.
Infrastructure Injection: The site is a beneficiary of "The Public Infrastructure Injection" ("The Miami Beach Phase II"). This includes comprehensive street raising and modernized utility mains, designed to enhance long-term property resilience and value.
Strategic Potential: Located within an established and evolving corridor, the property is positioned for a transformative play, leveraging its proximity to national retailers and the ongoing revitalization of the West Avenue district.
Connectivity: The site is steps from the Lincoln Road Mall, Venetian Causeway, and Trader Joe's.
LOCATION & MARKET DYNAMICS
The West Avenue corridor continues to evolve as a luxury district for residents, professionals, and visitors.
Locational Synergy: Immediate neighbors include flags like Publix on the Bay, The Fresh Market, and the 17 WEST development.
Institutional Drivers: Proximity to the Miami Beach Convention Center ensures a constant influx of tourism and professional traffic.
THE "DEAL ROOM" & DUE DILIGENCE
Qualified investors may access the Confidential Document Vault upon execution of a Confidentiality Agreement (CA). Restricted files include:
U.S. POSTAL SERVICE (USPS) LEASE
HISTORICAL 3-YEAR OPERATING STATEMENTS (2023-2025)
THE FULL OFFERING MEMORANDUM
DISCLOSURE & CONTACT
SHAPTOWN
Lead Associate: Joel Shapori, Licensed Real Estate Sales Associate (FL).
Brokerage: SHAPTOWN.
Property Facts
| Price | $6,957,624 CAD | Building Class | C |
| Price Per SF | $2,006.81 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,467 SF |
| Cap Rate | 4.23% | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1954 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Post Office | Parking Ratio | 0.87/1,000 SF |
| Zoning | CD-2 | ||
| Price | $6,957,624 CAD |
| Price Per SF | $2,006.81 CAD |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,467 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Tenancy | Single |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | CD-2 |
Amenities
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02-3233-017-0090 | Improvements Assessment | $318,121 CAD |
| Land Assessment | $3,854,278 CAD | Total Assessment | $4,172,400 CAD |
Property Taxes
Parcel Number
02-3233-017-0090
Land Assessment
$3,854,278 CAD
Improvements Assessment
$318,121 CAD
Total Assessment
$4,172,400 CAD
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1661 West Ave - United States Post Office
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