1661 West Ave ,Retail, Commercial Lease for Sale & Rent

1661 West Ave for Sale & Rent

Price $4,890,000.00

• Lot size 7500
• Year Build 1954
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Located in the heart of Miami Beach, 1661 West Ave presents a remarkable investment opportunity with over $1M in rental income from a long-term USPS tenant. This property features a new roof and asphalt, enhancing its structural integrity and long-term value. Positioned next to The Alton by Shvo at 1656-1680 Alton Road and steps from Trader Joe?s, this property is in the center of a rapidly transforming neighborhood. The area is primed for continued growth, with major developments driving long-term value. Offering both reliable income and substantial future appreciation, this is a standout opportunity in one of Miami Beach?s most dynamic and high-demand locations.

Great Investment Opportunity! The existing lease has one year remaining, with a 9-month termination option for either party. The new five-year lease for the post office is non-cancelable and non-renewable. Additionally, the tenant covers certain maintenance costs but does not pay for common area expenses. Photos 1,2,3,4,15,16 and 17 have been staged.

ALTON BEACH RLTY CO SUB PB 6-165 LOT 19 BLK 40 U S POSTAL SERVICE LESSEE LOT SIZE 50.000 X 150 OR 11102-627 0581 5 COC 25293-4248 01 2007 1

Located in the heart of Miami Beach, 1661 West Ave presents a remarkable investment opportunity with over $1M in rental income from a long-term USPS tenant. This property features a new roof and asphalt, enhancing its structural integrity and long-term value. Positioned next to The Alton by Shvo at 1656-1680 Alton Road and steps from Trader Joe?s, this property is in the center of a rapidly transforming neighborhood. The area is primed for continued growth, with major developments driving long-term value. Offering both reliable income and substantial future appreciation, this is a standout opportunity in one of Miami Beach?s most dynamic and high-demand locations.

City:Miami Beach,Zoning:6400,List A O R:A-Miami Association of REALTORS,Latitude:25.7908924,Cooling Y N:1,Heating Y N:1,Lease Term:4 To 6 Year Lease,List Price:4890000,Listing Id:A11722680,Longitude:-80.1422042,Mls Status:Active,Ownership:Corporation,Year Built:1954,Postal Code:33139,Street Name:West Ave,Coordinates:1:25.7908924,Photos Count:18,Building Name:Carl Fisher,Business Type:1:Professional,Days On Market:79,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2025-01-11,Parcel Number:02-32-33-017-0090,Parking Total:6,Property Type:Commercial Sale,Street Number:1661,Public Remarks:Located in the heart of Miami Beach, 1661 West Ave presents a remarkable investment opportunity with over $1M in rental income from a long-term USPS tenant. This property features a new roof and asphalt, enhancing its structural integrity and long-term value. Positioned next to The Alton by Shvo at 1656-1680 Alton Road and steps from Trader Joe?s, this property is in the center of a rapidly transforming neighborhood. The area is primed for continued growth, with major developments driving long-term value. Offering both reliable income and substantial future appreciation, this is a standout opportunity in one of Miami Beach?s most dynamic and high-demand locations.,Structure Type:1:Office/Retail,2:Office,3:Professional,4:Retail,Approval Status:Approved,County Or Parish:Miami-Dade County,List Office Name:Gary Hennes Realtors,Private Remarks:Great Investment Opportunity! The existing lease has one year remaining, with a 9-month termination option for either party. The new five-year lease for the post office is non-cancelable and non-renewable. Additionally, the tenant covers certain maintenance costs but does not pay for common area expenses. Photos 1,2,3,4,15,16 and 17 have been staged.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2336,Property Sub Type:Retail,State Or Province:FL,Tax Annual Amount:57213,Unparsed Address:1661 West Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Building Area Total:3837,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:7500,Original List Price:4900000,Previous List Price:4900000,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks:Located in the heart of Miami Beach, 1661 West Ave presents a remarkable investment opportunity with over $1M in rental income from a long-term USPS tenant. This property features a new roof and asphalt, enhancing its structural integrity and long-term value. Positioned next to The Alton by Shvo at 1656-1680 Alton Road and steps from Trader Joe?s, this property is in the center of a rapidly transforming neighborhood. The area is primed for continued growth, with major developments driving long-term value. Offering both reliable income and substantial future appreciation, this is a standout opportunity in one of Miami Beach?s most dynamic and high-demand locations.,Listing Contract Date:2025-01-11,Originating System I D:miamire,Public Survey Section:33,Street Number Numeric:1661,Tax Legal Description:ALTON BEACH RLTY CO SUB PB 6-165 LOT 19 BLK 40 U S POSTAL SERVICE LESSEE LOT SIZE 50.000 X 150 OR 11102-627 0581 5 COC 25293-4248 01 2007 1,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-01-11,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,