Property Description

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.

Overview

At a glance

Property Type

Commercial Sale

Property Sub-Type

Retail

Address

4685 NW 7th Street, Miami, FL 33126

Zoning

6100

MLS ID

A11988163

Listing Date

2026-03-25

Last Updated

5/3/2026, 3:23:21 AM

Days on Market

78

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Courtesy of Ekos Real Estate Inc

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