New Listing
Listed by Maria Miranda of Fortune Christie's International Real Estate
Fully leased neighborhood retail strip center offering stable in-place income (100% occupied) with strong tenancy mix and immediate cash flow. Positioned on a prominent corner lot along NW 7th Street, the property benefits from high visibility and consistent consumer traffic within one of Miami’s primary service corridors. The asset is strategically located along a major east-west arterial roadway with approximately 44,744 vehicles per day (VPD), providing excellent exposure and accessibility. The corridor serves as a key commercial and transit link, located approximately 0.5 miles from SR 836 (Dolphin Expwy) and 2 miles from SR 826 (Palmetto Expwy). Zoned T6-8-O, the property allows for high-density mixed-use development and qualifies under the Live Local Act for affordable and workforce housing. While currently positioned as an income-producing investment, the asset offers long-term redevelopment potential. Pro forma stabilization supports an estimated cap rate of approximately 5.6%, with significant upside through rent growth toward market levels. An Offering Memorandum is available that outlines a conceptual affordable/senior housing development scenario, including the financing structure and capital stack. This is not an approved project but illustrates future potential. The submarket is currently favoring stabilized retail assets, with limited new retail development, positioning this opportunity as a covered land play with strong current income and future upside.

The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on June 25, 2026

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