- For Sale $1,995,000
- Property Type Retail - Street Retail
- Property Size 3,500 SF
- Date Updated Mar 23, 2026
Description
Surrounded by established retailers, restaurants, and neighborhood services, the property benefits from a dense residential base and steady tourist traffic. Just steps from the beach and minutes from Bal Harbour Shops, the location attracts both local and destination-driven customers. Nearby public parking and convenient access further enhance the site’s appeal.The offering is the master leasehold interest for a 3,500± SF retail building with four retail tenants in the heart of Surfside. It presents a rare opportunity to acquire a stabilized, income-generating retail asset via a master leasehold interest with strong upside potential. The offering includes control of the property through a 99-year ground lease, which expires in December 2049, with the ability to collect and increase below market rents, operate and maintain the asset, and benefit from long-term cash flow, without fee simple ownership.
Although the underlying property is not included in the offering, it may be available separately.
Highlights
- High-Yield Leasehold Investment: Significant upside potential through future rent increases, potential passthroughs of real estate taxes and maintenance costs and operational efficiencies.
- Long-Term Control, No Ownership Risk: “Own nothing, but control everything.” Master Leaseholder manages the property, collects rents, and maintains the asset without exposure to title, transfer taxes, or ownership liabilities.
- Passive Ownership Structure: This leasehold interest operates more like a performing note or real estate bond with limited capital exposure but consistent income
- Strong, Stabilized Retail Income: Current leases are in-place through 2027–2028, offering immediate yield and operational stability.
- Surfside Submarket Strength: Located steps from the beach and Surfside’s primary retail corridor, surrounded by high income residential, hotels, and heavy pedestrian traffic.
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Contacts
Ryan Sullivan
The Kislak Company
Location
Located at 9517-9523 Harding Avenue, Surfside, FL 33154, this property is part of the Surfside neighborhood and Miami market.
Contact Listing Broker
Ryan Sullivan
The Kislak Company
