Hard-Corner Mixed-Use
2400 NE 2nd Ave Miami, FL 33137
For Sale
Contact for pricing
Fully leased mixed-use building with 100 feet of frontage and rare on-site parking advantage.
Property Size15,817 SF
Price / SF$1,043
Days on Market147
Property Features for 2400 NE 2nd Ave
General Information
Standard status
Active
Size
15,817 SF
Property subtype
RETAIL
Listing Agency:
DWNTWN Realty Advisors
(786) 294-6378
Listed By:
Andrew Dixon
Source:
Moodyscre
Added: Mar 5
Changed: Jul 25
Last Checked: Jul 29 at 2:19PM
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 DWNTWN Realty Advisors
Investment Insights
Based on property information with market context.
This fully leased mixed-use building presents a hard-corner assemblage with approximately 100 feet of frontage on NE 2nd Avenue and an on-site parking advantage in a parking-constrained Edgewater area.
The property is listed for sale at 2400 NE 2nd Ave, Miami, FL 33137, and is reported to be generating over $750,000 in gross income.
From a development standpoint, the site is described as being governed by by-right T6-12-Open zoning allowing up to 8.0 FAR density. The remarks also note T6-36 upside potentially supporting a higher-density development concept, including 36-story/500 units per acre, through the Live Local Act and other bonus programs, with potential to acquire a full acre.
The property is listed for sale at 2400 NE 2nd Ave, Miami, FL 33137, and is reported to be generating over $750,000 in gross income.
From a development standpoint, the site is described as being governed by by-right T6-12-Open zoning allowing up to 8.0 FAR density. The remarks also note T6-36 upside potentially supporting a higher-density development concept, including 36-story/500 units per acre, through the Live Local Act and other bonus programs, with potential to acquire a full acre.
Key Highlights
- Hard corner mixed‑use building with 100 ft of NE 2nd Avenue frontage
- Fully leased building generating over $750,000 in gross income
- Rare on‑site parking advantage in a parking‑constrained Edgewater area
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 | $821.9k | $51.96 |
| − Vacancy | −$84.7k | −$5.35 |
| EGI | $737.2k | $46.61 |
| − OpEx | −$221.2k | −$13.98 |
| NOI | $516.0k | $32.63 |
15,817 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.37M
$6.45M – $8.60M
NOI $516,040 @ 7.0% cap · market cap 3.13%
Second Best
Mixed Use
$5.34M
$4.67M – $6.23M
NOI $373,677 @ 7.0% cap · market cap 2.26%
Theoretical Best
Specialty Retail
$10.68M
$9.34M – $12.46M
NOI $747,360 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use building with 100 feet of frontage and rare on-site parking advantage.
Where is this mixed-use property located?
The property is located at 2400 NE 2nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Hard corner mixed‑use building with 100 ft of NE 2nd Avenue frontage; Fully leased building generating over $750,000 in gross income; Rare on‑site parking advantage in a parking‑constrained Edgewater area
