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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



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.
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
- -
- -
- -
- -
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)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,845,752 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,845,752 CAD
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Allapattah Small Bay Retail | 2028-2042 NW 22nd Ave
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