Value-Add Opportunity! US-1 Retail Center Redevelopment
Listing was updated at: 01/07/2019
Property Overview
Price/Rent PSF $ 7,950,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 94,240
Date Available 01/07/2019
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Parking 509
Floors 1
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Description

Location
This Property is located directly off US-1 at 274th st, accessible from the Florida Turnpike. With 600 feet of frontage on US-1, it has great visibility and high traffic counts of 40,000 AADT.

Sale
Lee & Associates Miami presents this excellent value-add opportunity of 94,240 SF Neighborhood Retail Center located directly off US-1 / S Dixie Hwy retail corridor of the developing Leisure City Charrette in South Miami-Dade County. This ±9 AC site offers over 600 feet of retail frontage on US-1, with high daily traffic counts that top more than 46,000 vehicles (AADT). The 94k SF building is currently being redeveloped for multiple junior anchors and tenants with LOI's signed by several national retailers.

This retail center is located adjacent to the Fresco Y Mas grocery-anchored Naranja Shopping Center and near a new Walmart being constructed several blocks to the north. The site is also adjacent to the 48-acre Larkin Community Hospital Medical School Campus development project, which is projected to bring 600-700 jobs to the area with around 5,000 students.

Location