Chic Miami Beach Neighborhood Retail for Sale

Wednesday, January 2, 2019

Update: HFF announced the closing of this sale in April 2019. Please visit our Property Search page for a current listing of available retail properties for sale.

Holliday Fenoglio Fowler, L.P. (HFF) is marketing a retail property for sale in Miami Beach, Florida. The 7,759-square-foot property is located at 1784 West Avenue in the chic Sunset Harbour neighborhood and represents a rare opportunity to acquire an institutional-quality, net-leased retail asset with leases more than 35 percent below market rents in the heart of this exciting neighborhood at an attractive basis and with near-term opportunities to increase value.

Completed in 2004, the property is fully leased to three tenants, Sushi Garage, Epicure Flowers and TKS Miami. The property is at the intersection of West Avenue and 18th Streets just off the heavily trafficked Dade Boulevard.

The property is situated on 0.18 acres in Sunset Harbour, which was established decades ago as an industrial enclave within Miami Beach. Since then, the neighborhood has evolved into an authentic grocery, shopping and dining destination in a dynamic urban setting serving an affluent residential community and the city’s most active daytime drivers.

Retail Property for Sale Investment Highlights

  • Boutique net-leased retail acquisition opportunity in Miami Beach
  • Prime in-fill location in the heart of the highly desirable Sunset Harbour neighborhood and across the street from the Fresh Market
  • Strong value creation from below-market in-place rents and contractual rent growth
  • Successful tenant roster with proven track record
  • Highly functional straight-line improvements with limited ongoing capital requirements
  • Exceptional Miami Beach retail market with unmatched demand drivers

For more information on this or other available retail properties in the South Florida, please contact Danny Finkle or Luis Castillo in HFF’s Miami office. For a listing of other commercial real estate properties for sale in and around Miami, click here for our real estate investment sales search page.

By Topics