Palmetto Bay Vacant Single Tenant Retail Building — Sale in Miami, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Miami, FL 33157

Photos

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Description

Marcus & Millichap is pleased to present for sale, Palmetto Bay Vacant Single Tenant Retail Building located in prime US 1 - South Dixie Highway. The offering presents a rare opportunity to acquire a freestanding retail asset along one of South Miami-Dade County's most heavily traveled commercial corridors. Located directly on US-1/South Dixie Highway with exposure to approximately 57,500 vehicles per day, the property offers immediate occupancy for an owner-user, as well as flexibility for investors seeking a lease-up, repositioning, or redevelopment opportunity. Situated within the affluent community of Palmetto Bay, the asset benefits from a dense and established residential base, with average household incomes of approximately $142,796 within one mile and a population exceeding 100,900 residents within three miles. The surrounding trade area is anchored by major national retailers including Publix, Target, BJ's Wholesale, Trader Joe's, Whole Foods, Marshalls, and The Home Depot, creating a highly desirable retail corridor that attracts consistent consumer traffic. Investment Highlights: • Rare Vacant, Single-Tenant Retail Building Offering Immediate Occupancy for an Owner-User or Value Add Lease-Up Opportunity for an Investor • Prime US-1/South Dixie Highway Frontage with Direct Exposure to Over 57,500 Vehicles Per Day, Includes Southbound Turn-In Lane • Positioned in the Heart of Palmetto Bay, an Affluent, Densely Populated Residential Corridor with Average Household Incomes Nearing $143,000 Within One Mile, Supporting Strong Tenant Sales Potential

Market Context

This retail in Miami, FL is listed for sale. Compare it against other retail listings for sale in Miami, FL — view the full market.

As of Q4 2025, the Miami retail market showed a 3.1% vacancy rate, and rents up 1.4% year over year. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Miami retail market tightening or softening?
Vacancy is around 3.1%, with asking rents rising year over year (Q4 2025).

Estimated Price per SF

$152.22/SF – $1,107/SF

Mid: $461.27/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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