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Stephen Michalakos

propertiesbystephen@gmail.com +1(727) 601-8676

$ 550,000

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5001 NW 17th Ave Miami, FL 33142

3,082 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 3,082 sqft

Price per Sqft $178

MLS Listing ID A11812420

Construction Status Unknown

HOA Y/N No

Year Built 1968

Annual Tax Amount $4,920

Tax Year 2024

Lot Size 4,490 Sqft

Property Sub-Type Special Purpose

Property Description

DO NOT MISS OUT! Income Producing Add Value Play! Lowest Priced Free-Standing Mixed-Use Building in City of Miami! Hard Corner lot fronting NW 17 Ave. Zoning allows many commercial/ residential uses (Apt, Restuarant, Retail, Offices, & more). Property operating as church/apartment w Full Kitchen downstairs and two 1/1 apt upstairs. 8% CAP. Current Rent $4500 a month total. Leases exp DEC 2025. Fenced Corner lot w 5 parking spaces. Ample street parking. 3 FPL & 1 Water meter. Roof & Electrical upgraded last 7 yrs. 40 Yr cert approved. Perfect for the creative add value investor to purchase with income and add value by changing use to retail, restaurant, and more. T5-O zoning also allows 65 units per acre or can be T6-8-O (150 units per acre) w Live Local Act. Opportunity Zone. Flood Zone X

Location

State FL

County Miami-dade

Area 31

Interior

Heating Central, Window Unit, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Other, Tile

Exterior

Roof Type Other

Total Parking Spaces 5

Private Pool Yes

Building

Story 2

Water Public

Level or Stories Two

Structure Type Block

Construction Status Unknown

Others

Tax ID 01-31-23-014-0350

Ownership Corporation

Security Features Fenced,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Corporate Listing

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11812420

Listed by Realty World Executive Homes

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

Stephen Michalakos

5001 NW 17th Ave Miami, FL 33142

Key Details

Location

Interior

Exterior

Building

Others

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5001 NW 17th Ave