9420 SW 56th St

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9420 SW 56th St

miami, FL 33165
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

9420 SW 56th St is situated in the Miller Heights neighborhood of Miami, Florida. The property is located along SW 56th Street, a major east-west thoroughfare also known as Miller Drive. This established suburban area is characterized by a mix of residential communities and local commercial hubs. Nearby amenities include various grocery stores, professional offices, and dining options within the Miller Road Plaza and surrounding blocks. The location offers direct access to the Palmetto Expressway (SR 826) positioned approximately one mile to the east, providing connectivity to the broader Miami-Dade transit network and neighboring districts like Kendall and Coral Gables. The retail asset is suited for businesses seeking frontage along a high-traffic commuter corridor. Ideal use cases include neighborhood-serving retail, boutique fitness studios, specialty services, or small-scale medical offices. The typical tenant profile consists of local entrepreneurs or regional franchises seeking a stable demographic base within a residential enclave. The property caters to professional service providers and retailers that benefit from visibility to daily commuters and proximity to established households in the Miller Heights and Sunset areas.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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