1661 West Ave, Miami Beach, FL 33139

$5,100,000

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List Price
$5,100,000
MLS#
A12004551
Status
ACTIVE
Type
Commercial

Property Description

1661 West Avenue presents a premier acquisition opportunity in the heart of a resilient corridor in Miami Beach. Anchored by the United States Postal Service (USPS), the asset provides immediate sovereign credit cash flow. Beyond NOI, this site offers a rare canvas for a visionary investor to shape the future of Miami Beach, contributing to the continued evolution and sophistication of this world-class destination. Credit-Tenant Stability: Current operations are anchored by the USPS, providing a recession-resistant income stream and notable downside protection. Infrastructure Injection: The site is a beneficiary of "The Public Infrastructure Injection" ("The Miami Beach Phase II"). This includes comprehensive street raising and modernized utility mains, designed to enhance long-term property resilience and value. Strategic Potential: Located within an established and evolving corridor, the property is positioned for a transformative play, leveraging its proximity to national retailers and the ongoing revitalization of the West Avenue district. Connectivity: The site is steps from the Lincoln Road Mall, Venetian Causeway, and Trader Joe's.

Additional Information

Days on Market
97
Parcel Number
02-32-33-017-0090
Lot Size
7,500
Address
1661 West Ave, Miami Beach
Year Built
1954
Section
33

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Calculator source: Real Geeks

Listing Courtesy of Shaptown Professional Services Corp, Contact: