Listing Agency: Rich Commercial Group a***@gmail.com Show Phone

Listed By: Alex Rich · License #FL 3227145

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 7:22PM

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Investment Insights

Based on property information with market context.

This multifamily property is located at 490 NE 62nd Street in Miami, Florida. The site sits west of Biscayne Boulevard/US-1 and north of the Miami Design District, placing it within an established Miami urban context. Property-specific details regarding unit count, building area, layout, and existing improvements are not included.

Key Highlights

• 490 NE 62nd Street, Miami, FL 33138
• One block west of Biscayne Blvd./US‑1
• North of the Miami Design District

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Butcher Auto Parts Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,052

Businesses Nearby

Explore this area Business Placement

Demographics for 33138, FL

27,601

Population

14,310

Households

1.9

Avg Household Size

43

Median Age

47%

College-Educated

87%

High-School Grad

4.2 sq mi

ZIP Area

6,572

Density / Sq Mi

$71,518

Median Household Income

$52,853

Median Earnings

$1,647

Median Rent

$686,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Positioned west of Biscayne Boulevard/US-1 and north of the Miami Design District.

Where is this multifamily property located?

The property is located at 490 NE 62nd St Miami, FL.

What are key features of this property?

This property features: 490 NE 62nd Street, Miami, FL 33138; One block west of Biscayne Blvd./US‑1; North of the Miami Design District