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    1642 NE 1St Ave Miami, FL 33129

    For Lease
    Contact for pricing

    New retail/restaurant space in the heart of Downtown Miami.

    Property size:
    5,477 SF
    Lot size:
    0.19 Acres

    Property Features for 1642 NE 1St Ave

    General Information

    Size
    5,477 SF
    Lot size
    0.19 Acres

    Source: JLL | Miami Agent Jonathan Rosen

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

    Overview

    Downtown Miami Retail/Restaurant Space

    This new retail or restaurant space offers approximately 5,477 square feet in Downtown Miami. It features a large wrap-around outdoor patio. The property is part of a building that includes 252 apartments and 10,000 square feet of office space above. The location is surrounded by the Design District, Midtown Miami, Wynwood, Edgewater, Downtown, and Brickell. Neighboring co-tenants include Aroma Espresso Bar, Miami Slice, Elevation Fitness, Vice City Bean, Bunburry, Bistro Café, and BOXR Gym. The landlord is open to divisions and all uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.197278
    Latitude
    25.759322

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    FAQs

    What type of property is this?
    Retail space - New retail/restaurant space in the heart of Downtown Miami.
    Where is this retail space located?
    The property is located at 1642 NE 1St Ave Miami, FL.
    What are key features of this property?
    This property features: - New +/- 5,477 RSF retail/restaurant space in Downtown Miami.; - Large wrap-around outdoor patio.; - Located in a high-traffic area surrounded by Design District, Midtown Miami, Wynwood, Edgewater, Downtown, and Brickell.
    (305) 728-7391
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    1642 NE 1St Ave Miami, FL 33129
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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
    1642 NE 1St Ave Miami, FL 33129
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