Miami Retail and Restaurant
4200 NW 2nd Ave Miami, FL 33127
For Sale
$5,680,000
Retail and restaurant spaces in upcoming Miami neighborhood for sale.
Property Size7,149 SF
Lot Size0.24 Acres
Price / SF$794.52
Days on Market139
Property Features for 4200 NW 2nd Ave
General Information
Standard status
Active
Size
7,149 SF
Lot size
0.24 Acres
Property subtype
Commercial
Building Details
Year Built
1957
Listing Agency:
Borluv, Inc.
(786) 586-2492
Listed By:
Alexander Boria · License #3272755
(786) 586-2492
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 26 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Borluv, Inc.
Investment Insights
Based on property information with market context.
This commercial property features 7,149 rentable square feet distributed across three units, situated on a 10,965 square foot lot. Located in an upcoming Miami neighborhood, the corner property is positioned on NW 2nd Avenue, two blocks west of the Miami Design District and two blocks north of Wynwood. The property's location offers proximity to primary transportation links, shopping centers, and dining options. Two of the three units are being permitted for retail use, including a yoga studio. The largest unit is under construction to become a 3,000 square foot restaurant with a patio suitable for outdoor seating. This property is suitable for businesses seeking a strategic location and presents an opportunity for investors or landlords.
Key Highlights
- Strategic location: Corner property, two blocks from Miami Design District and Wynwood.
- High Rental Income Potential: 7,149 rentable Sq.Ft distributed in 3 units.
- Large 3,000 sq. ft. patio ideal for outdoor seating (restaurant unit).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $457.3k | $63.96 |
| − Vacancy | −$6.9k | −$0.96 |
| EGI | $450.4k | $63.00 |
| − OpEx | −$112.6k | −$15.75 |
| NOI | $337.8k | $47.25 |
7,149 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.83M
$4.22M – $5.63M
NOI $337,793 @ 7.0% cap · market cap 5.95%
Second Best
Retail
$3.33M
$2.92M – $3.89M
NOI $233,241 @ 7.0% cap · market cap 4.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail and restaurant spaces in upcoming Miami neighborhood for sale.
Where is this retail space located?
The property is located at 4200 NW 2nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $5,680,000.
What are key features of this property?
This property features: Strategic location: Corner property, two blocks from Miami Design District and Wynwood.; High Rental Income Potential: 7,149 rentable Sq.Ft distributed in 3 units.; Large 3,000 sq. ft. patio ideal for outdoor seating (restaurant unit).
