1661 West Ave, Miami Beach, FL 33139
Miami-Dade County
Key Facts
Description
1661 West Avenue presents a premier acquisition opportunity in the heart of a resilient corridor in Miami Beach. Anchored by the United States Postal Service (USPS), the asset provides immediate sovereign credit cash flow. Beyond NOI, this site offers a rare canvas for a visionary investor to shape the future of Miami Beach, contributing to the continued evolution and sophistication of this world-class destination. Credit-Tenant Stability: Current operations are anchored by the USPS, providing a recession-resistant income stream and notable downside protection. Infrastructure Injection: The site is a beneficiary of "The Public Infrastructure Injection" ("The Miami Beach Phase II"). This includes comprehensive street raising and modernized utility mains, designed to enhance long-term property resilience and value. Strategic Potential: Located within an established and evolving corridor, the property is positioned for a transformative play, leveraging its proximity to national retailers and the ongoing revitalization of the West Avenue district. Connectivity: The site is steps from the Lincoln Road Mall, Venetian Causeway, and Trader Joe's.
Property Information
Property Type
Commercial Sale
Year Built
1954
Stories
1
Living Area
3,589 sq ft
Lot Size
0.17 acres
Parking Spaces
3
Days on Market
78
MLS® Listing#
A12004551
Property Features
Parking
Financial Details
Parcel Number
02-32-33-017-0090
Affordability Calculator
$1,020,000
Estimated monthly payment
$27,144/mo
Principal $4,080,000 · Est. interest $5,691,963 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Miami Beach, FL
- $533,315
- Median Listing Price
- 113
- Median Days on Market
- 1,384
- Median Sq Ft
- $414
- Median Price / Sq Ft
- 35,794
- Active Listings
- This home’s price is 856% above the area median.
- Its price per sq ft is 243% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Miami Beach, FL.
Location
Points of Interest in Miami Beach, FL
Showing the Miami Beach area map.
Nearby Schools
Congregation Beth Medrash Levi
School · 0.6 mi away
Miami-Dade County Public Schools
Secondary · 0.6 mi away
Fienberg-Fisher K-8 Center
Elementary · 0.7 mi away
Miami Beach Senior High School
Secondary · 0.8 mi away
Hebrew Academy Miami
School · 1.1 mi away
South Pointe Elementary School
Elementary · 1.2 mi away
Super Y Academy
School · 1.5 mi away
Nautilus Middle School
Elementary · 1.7 mi away
North Beach Elementary School
Elementary · 1.8 mi away
Casa dei Bambini Montessori School
Elementary · 1.8 mi away
Fisher Island Day School
Elementary · 2.1 mi away
I Preparatory Academy
School · 2.9 mi away
Dade Association of School Administrators
School · 3.0 mi away
Somerset Academy High
School · 3.0 mi away
Miami-Dade County Public Schools
Secondary · 3.0 mi away
I2 Labs Coworking
School · 3.0 mi away
Sha'REI Bina
School · 3.1 mi away
Mia Piccolo Montessori School
Elementary · 3.1 mi away
Visual Art Schools
School · 3.1 mi away
Miami Ad School
School · 3.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 212 S Gulf Drive, Santa Rosa Beach, FL | $3,579,000 | 6 | 7 | 5,141 |
| 707 W 54th St, Miami Beach, FL | $3,590,000 | 4 | 4 | 3,406 |
| 570 Memorial Circle, Ormond Beach, FL | $3,590,000 | — | — | 23,278 |
| 300 Biscayne Blvd Way 2802, Miami, FL | $3,590,000 | 3 | 4 | 2,220 |
| 17001 Collins Ave 4101, Sunny Isles Beach, FL | $3,590,000 | 4 | 5 | 2,394 |
| 16 GULF BOULEVARD 201, INDIAN ROCKS BEACH, FL | $3,595,000 | 3 | 4 | 2,649 |
Moving Cost Estimate
EXIT Agents in Miami Beach
Listing Courtesy: Shaptown Professional Services Corp - 5099992326
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