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Allapattah Small Bay Retail 2028-2042 NW 22nd Ave 10,920 SF Retail Building Miami, FL 33142 $4,878,741 CAD ($446.77 CAD/SF) 7.09% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Small bay retail property
  • Well below market rents
  • New roof 2020
  • Highly Visible from 22nd Ave
  • 40 Year Cert

EXECUTIVE SUMMARY

Current Capital is pleased to present the retail/industrial property located at 2028 - 2042 NW 22nd Ave, Miami, Florida. This unique investment opportunity in the heart of the Allapattah neighborhood.
Built in 1982 the property is comprised of a 10,920 leasable SQFT building (approximately) situated on a 19,140 square foot lot (approximately). Featuring 8 retail/flex bays. 4 of which are storefront and 4 featuring overheard door openings, built in 1982. 40 year certification accomplished in 2022.
Strategically located a mere 4 miles from Downtown Miami and 5 miles from the Port of Miami, the property benefits from excellent accessibility to major thoroughfares including I-95, Florida Turnpike, 836 and 112. Miami International Airport is 2.8 miles from your doorstep.
The Allapattah neighborhood boasts a diverse population and a thriving business community. With its central location and proximity to key commercial hubs, the property at 2028-2042 NW 22nd Ave is well-positioned to capitalize on the area's economic momentum.
The site's zoning and infrastructure support a variety of commercial uses, making it an attractive option for an owner user or investors seeking a versatile asset in a growing market.
Offered below replacement cost, this asset provides a unique opportunity in a desirable market. For more information or to schedule a viewing, please contact Current Capital at your earliest convenience.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
10,920 SF
Building Class
C
Year Built
1982
Price
$4,878,741 CAD
Price Per SF
$446.77 CAD
Cap Rate
7.09%
NOI
$345,836 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
D1 - Urban Core
Parking
18 Spaces (1.65 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Dentist Empire
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Farmacia Las Martinez Inc
  • Retailer
  • -
  • -
  • -
  • -
  • K & Y Fashion
  • Retailer
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -
  • -

Shoes at unbeatable low prices!!! The hottest styles for women, men and children! We've been in the shoe wholesale business for over 30 years!

  • New Era Hair Design LLC
  • Services
  • -
  • -
  • -
  • -
  • Panther Auto Parts Export Inc
  • Retailer
  • -
  • -
  • -
  • -
  • Simple 2 Own
  • Public Administration
  • -
  • -
  • -
  • Jun 2022
  • T Box Usa, Llc
  • Wholesaler
  • -
  • -
  • Single Net
  • Apr 2015
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Dentist Empire Health Care and Social Assistance - - - -
Farmacia Las Martinez Inc Retailer - - - -
K & Y Fashion Retailer - - - -
Retailer - - - -
New Era Hair Design LLC Services - - - -
Panther Auto Parts Export Inc Retailer - - - -
Simple 2 Own Public Administration - - - Jun 2022
T Box Usa, Llc Wholesaler - - Single Net Apr 2015
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Citi
Ymca
Truist
Rent-A-Center
Chase Bank
Publix
CKO Kickboxing
Planet Fitness
Presidente Supermarket
Checkers

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-3127-109-0010
  • 01-3127-109-0031
  • 01-3127-109-0040
  • 01-3127-109-0070
  • 01-3127-109-0050
  • 01-3127-109-0020
  • 01-3127-109-0030
  • 01-3127-109-0060
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,845,752 CAD
  • Listing ID: 35774850

  • Date on Market: 2025-05-07

  • Last Updated:

  • Address: 2028-2042 NW 22nd Ave, Miami, FL 33142

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