
$1,295,000
Commercial for Sale, 8213 NE 1st Ave, Miami, Florida 33138
- MLS#A11976135
Listed By The Alpha Commercial Advisors LLC
The Commercial Property for Sale located at 8213 NE 1st Ave, Miami, Florida 33138 is currently for sale.
Description
PRESENTING AN INCOME-PRODUCING COVERED ASSET WITH VALUE-ADD POTENTIAL IN SUPPLY-CONSTRAINED
COMMERCIAL ZONING POCKET OF LITTLE RIVER.
Sporting a well-balanced unit mix of (2) 1-BR/1-Bath and (2) 2-BR/2-Bath units with consistent occupancy at below-market rents, the property delivers dependable performance with tons of upside through aesthetic, structural, and rental value-add execution. The asset benefits from a new roof (replaced in 2023) and solid overall condition as-is, with optionality for strategic capital improvements to address upcoming recertification and cosmetic upgrades geared toward strengthening tenant appeal.
Located adjacent to the NE 82nd Street connector-corridor, the property benefits from unmatched accessibility between I-95 and the Little River area’s main
business district and transit hubs such as Biscayne Blvd, NE 79th Street and NE 2nd Avenue. With underlying T5-O commercial zoning, this property offers rare
usage flexibility, allowing an investor to maximize long-term gains via re-development or adaptive re-use toward a range of commercial uses including retail, office, education and multi-family.
Location
8213 NE 1st Ave, Miami, Florida 33138
Property features
Lot/Land
- Land/Lot size:
641 m² (6,901 ft²)
Construction
- Year built: 1957