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    Ne 2Nd St Miami, FL 33128

    For Sale
    $24,000,000

    Two properties in Downtown Miami: Historic Building and Development Site.

    Property size:
    35,659 SF
    Lot size:
    0.17 Acres

    Property Features for Ne 2Nd St

    General Information

    Size
    35,659 SF
    Lot size
    0.17 Acres

    Source: Gridline Properties Agent Alfredo Riascos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Miami Development Opportunity

    Located in Downtown Miami, this offering includes two distinct properties. The first is a historic building at 100 NE 1st Avenue, featuring 35,659 square feet of building size on a 9,330 square foot lot. The building has 5 levels and is zoned T6-BO-O. The second property is a development site at 54 NE 2nd Street, with a 15,000 square foot lot. This site is zoned T6-8O-O and allows for development of up to 344 residential units or 688 hotel units as of right. The maximum building height is 80 stories, with a density overlay of 1,000 units per acre.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    Fleurs de La Mer, MAGNAFLOR, House of Bouquets, Miami Flores Medellin, Floral Design

    Map

    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.19388
    Latitude
    25.776008

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    FAQs

    What type of property is this?
    Storefront property - Two properties in Downtown Miami: Historic Building and Development Site.
    Where is this storefront property located?
    The property is located at Ne 2Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $24,000,000.
    What are key features of this property?
    This property features: - Development Site with potential for 344 residential units or 688 hotel units.; - Prime Downtown Miami location for both properties.; - Historic Building with 35,659 SF of space.
    (305) 507-7098
    Request Owner's contact information
    Ne 2Nd St Miami, FL 33128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ne 2Nd St Miami, FL 33128
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