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Renovated Street-Front Retail & Flex Office
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1622 NE 2nd Ave, Miami, FL 33132

Recently renovated building offers street-front retail plus second-floor flex office space, fully leased to three tenants.

Property SizeContact for details
Days on Market125

Property Features for 1622 NE 2nd Ave

General Information

Standard status Active
Property subtype Industrial
Zoning T6-24A-O
Occupancy 100%

Financials

Business Included Yes
Opportunity Zone Yes

Additional Details

Multifamily Units 144

Building Details

Tenancy Multi
Listing Agency: Beachfront Realty, Inc. Miami Beach
Listed By: Shani Ben-Hanania · License #3491827
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 10:22PM

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 Beachfront Realty, Inc. Miami Beach

Investment Insights

Based on property information with market context.

Recently renovated building converted into street-front retail and flex office space on the second floor. The property is currently 100% leased to three tenants.

The underlying land is zoned T6-24A-O and is within the OMNI density overlay and an Opportunity Zone. The site is described as redevelopable into 144 residential units totaling 114,660 SF gross building with up to 48 stories, including available bonuses.

Parking is provided at a rate of 3 spaces per 1,000 SF leased.

Key Highlights

  • Recently renovated into street‑front retail with second‑floor flex office space
  • 100% leased to three tenants
  • Underlying land zoned T6‑24A‑O and located in the OMNI density overlay

Property Analytics

Current Use

Fit2U (Bike/Boat/Book/etc) Store Bike Tech (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Daycare Center Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith

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

144
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4,925
Businesses Nearby
Well-served
Demand for This Use

Demographics for 33132, FL

18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value

Market

Vacancy Rate% for Office in Miami, FL

12.4% 2019
16.3% 2020
17% 2021
16.1% 2022
15% 2023
16.1% 2024
15.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Recently renovated building offers street-front retail plus second-floor flex office space, fully leased to three tenants.
Where is this flex space located?
The property is located at 1622 NE 2nd Ave Miami, FL.
What are key features of this property?
This property features: Recently renovated into street‑front retail with second‑floor flex office space; 100% leased to three tenants; Underlying land zoned T6‑24A‑O and located in the OMNI density overlay
More about this property
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