Multi-Suite Retail
2401-2431 Northwest 2nd Avenue, Miami, FL 33127
For Sale
Contact for pricing
The offering combines a diversified tenant roster with NNN lease structures across two separately titled retail parcels.
Property Size42,087 SF
Price / SF$1,805
Days on Market22
Property Features for 2401-2431 Northwest 2nd Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Anchor Co-Tenants
Additional Details
Tenant in Place
Amenities
open-air courtyard
Building Details
Year Built
Stories
Tenancy
Listing Agency:
DWNTWN Realty Advisors
Listed By:
Devlin Marinoff · License #3401802
(917) 312-2219
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 4:08PM
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
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Investment Insights
Based on property information with market context.
This retail portfolio contains 42,087 RSF across 14 ground-floor suites at the base of a residential tower delivered in 2024. The space is 86.9% leased to 13 tenants, all under NNN leases, with a 9.3-year weighted average lease term. No signed lease expires before October 2031. Starbucks occupies Suite 150 under a corporate lease through June 2035, while Chipotle's Suite 140 lease runs through June 2036 and carries a parent guaranty. The tenant mix also includes Voodoo Doughnut, Dave's Hot Chicken, Insomnia Cookies and Riko's Pizza, among others. Two separately titled retail parcels may be purchased together or individually.
The storefronts span the block along NW 2nd Avenue between NW 24th Street and NW 25th Street, with three frontages and an open-air courtyard. Carnegie Mellon University is planning a 35-acre Miami campus less than 200 feet away, with its first students expected in 2028. The property also has 73 dedicated garage spaces and a 5,522-SF unleased suite fronting NW 2nd Avenue.
The storefronts span the block along NW 2nd Avenue between NW 24th Street and NW 25th Street, with three frontages and an open-air courtyard. Carnegie Mellon University is planning a 35-acre Miami campus less than 200 feet away, with its first students expected in 2028. The property also has 73 dedicated garage spaces and a 5,522-SF unleased suite fronting NW 2nd Avenue.
Key Highlights
- 42,087 RSF of ground‑floor retail in 14 suites
- 86.9% leased to 13 tenants; all executed leases are NNN
- 9.3‑year weighted average lease term; no executed lease expires before October 2031
Property Analytics
Current Use
Lease Details
86.9%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,358
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Average Price Trend$/SF for Retail space in Miami, FL
Properties on Market for Retail space in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - The offering combines a diversified tenant roster with NNN lease structures across two separately titled retail parcels.
Where is this retail space located?
The property is located at 2401-2431 Northwest 2nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $76,000,000.
What are key features of this property?
This property features: 42,087 RSF of ground‑floor retail in 14 suites; 86.9% leased to 13 tenants; all executed leases are NNN; 9.3‑year weighted average lease term; no executed lease expires before October 2031
