Corner Retail and Showroom
4800 NW 2nd Avenue Miami, FL 33127
For Sale
$975,000
Corner property with an on-site house, plus a large lot, offered for showroom, retail, or mixed-use concepts under T4-L zoning.
Property Size1,369 SF
Lot Size0.14 Acres
Price / SF$712.20
Days on Market42
Property Features for 4800 NW 2nd Avenue
General Information
- Standard status
- Active
- Size
- 1,369 SF
- Lot size
- 0.14 Acres
Building Details
- Year Built
- 1924
Listing Agency:
Quadra Real Estate + Advisory, LLC
(305) 965-1482
Listed By:
Daniel Blakeman · License #0461780
(305) 965-1482
Source:
Laerrealty
Added: Jun 12
Changed: Jul 22
Last Checked: Jul 23 at 3:31AM
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 Quadra Real Estate + Advisory, LLC
Investment Insights
Based on property information with market context.
Offered for sale, this corner commercial property includes an on-site house and a large lot, positioned for showroom and retail-oriented use, as described in the listing. The property is presented as suitable for showroom, retail, or mixed-use concepts, with zoning identified as T4-L.
The site is located along NW 2nd Ave in Buena Vista, described as just steps from the Design District and close to Midtown and Wynwood. This makes the property a practical option for buyers looking for a corner location in a mixed retail and design-area setting.
Configuration-wise, the combination of an existing house and an additional lot provides flexibility for an owner-operator or adaptive redevelopment approach, subject to T4-L zoning requirements.
The site is located along NW 2nd Ave in Buena Vista, described as just steps from the Design District and close to Midtown and Wynwood. This makes the property a practical option for buyers looking for a corner location in a mixed retail and design-area setting.
Configuration-wise, the combination of an existing house and an additional lot provides flexibility for an owner-operator or adaptive redevelopment approach, subject to T4-L zoning requirements.
Key Highlights
- Corner property on NW 2nd Ave in Buena Vista
- On‑site 1,369 SF house with a 5,935 SF lot
- Year built: 1924
Financial Insights For 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 | $71.1k | $51.96 |
| − Vacancy | −$7.3k | −$5.35 |
| EGI | $63.8k | $46.61 |
| − OpEx | −$19.1k | −$13.98 |
| NOI | $44.7k | $32.63 |
1,369 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$638.1K
$558.3K – $744.4K
NOI $44,665 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$924.1K
$808.6K – $1.08M
NOI $64,686 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DavidSW Miami
(Bike/Boat/Book/etc) Store
Ossip-Harris Insurance Inc
Insurance Agency
Ossip Albert E
Insurance Agency
Basel Art Space
Theater & Performing Art Venue
FAQs
What type of property is this?
Commercial land - Corner property with an on-site house, plus a large lot, offered for showroom, retail, or mixed-use concepts under T4-L zoning.
Where is this commercial land located?
The property is located at 4800 NW 2nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Corner property on NW 2nd Ave in Buena Vista; On‑site 1,369 SF house with a 5,935 SF lot; Year built: 1924
