9701-9715 NW 27th Ave 10,300 SF 83% Leased Retail Building Miami, FL 33147 $4,252,290 CAD ($412.84 CAD/SF) 5.63% Cap Rate

Situated on a high-visibility hard corner at NW 27th Ave & NW 97th St, this ±10,300 SF single-story retail strip offers strong frontage and exposure along one of Miami’s most active commercial corridors, with approximately 33,000 vehicles passing daily. The property spans approximately 21,924 SF across two parcels and benefits from consistent traffic, excellent accessibility, and ample on-site parking with approximately 20 spaces.
The asset features stable in-place cash flow with a diversified tenant mix, along with immediate upside through one vacant unit available for lease. Additional value-add potential is driven by contractual rent increases and the ability to mark rents to market as shorter-term leases roll.
Zoned UC-MC, the property allows for future mixed-use redevelopment, making it attractive to both yield-focused investors and long-term repositioning strategies. The property has completed its 40-year recertification with Miami-Dade County.
Financials assume lease-up of the currently vacant unit, offering immediate upside.
All information provided is deemed reliable but not guaranteed. Buyer to independently verify all information. Subject to errors, omissions, and changes without notice.
Investment highlights
Hard-corner location at NW 27th Ave & NW 97th St
Strong in-place income with diversified tenant mix
Immediate lease-up opportunity (vacant unit – $2,600/mo)
Value-add potential through lease-up, rent growth & rollover
UC-MC zoning allows for future mixed-use redevelopment
Grease trap in place ideal for food-use tenants
Significant upside through marking below-market rents to ~$25–$30/SF as leases roll.