2060 Northwest 22nd Avenue

Miami, FL 33142

Listing ID: 214610
$2,800,000
For Sale
  • Property Type Retail : Free Standing Building
  • Lot Size Acres 0.462
  • Building Sq Ft 13,500
  • Building Price per Sq Ft $207.41
  • Land Sq Ft 20,110
  • Land Price per Sq Ft $139.23
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Description

Fausto Commercial is pleased to present for sale 2060 Plaza, a shopping center located at 2060 NW 22nd Avenue, Miami FL 33142. The property consists of 12 units servicing the local community, totaling 13,400 Rentable Square Feet and fully rented. The property is strategically located on NW 22nd Avenue that allows for visibility from NW 20th Street with 28,000 passing vehicles per day. Furthermore, the subject has the availability of 30+ parking spaces.

Currently rents average $15 per Square Foot Gross. The subject property’s retail rents are 20 percent below the market, minimizing the downside risk for an investor to reposition. Through repositioning current leases, an investor will increase cash flow on the property significantly maximizing the yield. The subject property is positioned strategically, and Allappattah is one of Miami’s most stable markets, demographically and economically, with a strong local working-middle class base that continues to grow every year. This site is on NW 22nd Avenue, one of the most important and densely populated corridors.

Listing Demographics for 2060 Northwest 22nd Avenue Miami, FL 33142

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population43,793329,221781,405
Population Median Age404041
Population by Age0-9 Yrs4766 (10%)35450 (10%)85288 (10%)
10-19 Yrs4357 (9%)31673 (9%)67470 (8%)
20-29 Yrs5878 (13%)46154 (14%)98810 (12%)
30-39 Yrs7273 (16%)53372 (16%)135654 (17%)
40-49 Yrs6109 (13%)45897 (13%)115738 (14%)
50-59 Yrs5353 (12%)44193 (13%)105000 (13%)
60-69 Yrs4959 (11%)32573 (9%)80331 (10%)
70+ Yrs5098 (11%)39908 (12%)93113 (11%)
Median HH Income$26,927$32,714$48,495
Total Household Income< 24K7267 (47%)48933 (40%)93955 (30%)
25-49K4270 (27%)31846 (26%)64976 (20%)
50-74K2116 (13%)17575 (14%)45181 (14%)
75-99K911 (5%)10466 (8%)31629 (10%)
100-199K755 (4%)10252 (8%)47022 (15%)
200K+85 (0%)3092 (2%)29118 (9%)
Highest Education LevelNo Diploma1038964250110926
Diploma or GED1140876738146222
Some College31293101872851
Assoc. Degree21561648542816
Bachelors Degree339135134120601
Higher Degree16091856796939
Total Housing Units16,630138,764379,844
--Owner-Occupied3,22730,963109,384
--Renter-Occupied12,17791,202202,496
Owner-Occupied Values< 100K43035988992
100-199K951733614821
200-299K1122841724880
300-399K426522416146
400-499K158268110501
500K+140370634045
Total Working Age Population36,419274,544652,894
In Work Force20,032165,517416,838
Not In Work Force16,387109,027236,056
Workforce Employed19,253154,816393,215
Workforce Unemployed75210,63523,328
Civlian Workforce20,005165,451416,544
Military Workforce2766294
Total Households15,404122,165311,881
Family Households9,05169,415168,677
Non-Family Households6,35352,749143,203
Married Couple4,98637,359104,703
Other Family4,06532,05663,975
Married w/Child1,85313,69638,044
Single Male w/Child3442,6425,774
Single Female w/Child1,48210,58420,286

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242
Monroe County79,589-873,090+174,004074,301

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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