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Renovated Mixed-Use Office Building
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46 NE 1st Ave, Miami, FL 33132

Street-level retail supports office occupancy in a recently updated downtown asset.

Property Size19,486 SF
Lot Size0.07 Acres
Days on Market142

Property Features for 46 NE 1st Ave

General Information

Standard status Active
Size 19,486 SF
Net Rentable 17,160 SF
Lot size 0.07 Acres
Property subtype Office

Site & Location

Corner Location Yes
Road Access Yes
Public Transit Yes

Building Details

Buildings 1
Stories 8
Building Size 19,486 SF
Tenancy Multi
Listing Agency: Porosoff Group
Listed By: Arthur Porosoff · License #3160379
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 3:18PM

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 Porosoff Group

Investment Insights

Based on property information with market context.

The Ralston Building is an 8-story mixed-use property with 19,486 SF of gross building area and 17,160 SF of rentable area. The layout includes 3,743 SF of street-access retail space and 13,417 SF of rentable office area, supported by 2,326 SF of office common area. The ground-floor units have been renovated, while broader property improvements were completed in the early 2000s and again over the last several years. The retail spaces are leased on NNN terms, and the office area is occupied through short-term leases and month-to-month tenancy.

The property occupies a 3,125-square-foot lot at the signalized corner of NE 1st Avenue and NE 1st Street in Downtown Miami’s Central Business District. It is 0.6 miles from the Brightline transportation hub, 0.8 miles from Brickell, Brickell City Centre, and Mary Brickell Village, and 1.8 miles from the Arts & Entertainment District and Wynwood Art District. The building is also near mixed-use development and cultural destinations along Biscayne Boulevard.

Key Highlights

  • 19,486 SF gross building area and 17,160 SF rentable building area
  • 3,743 SF of street‑access retail space with both units leased on NNN terms
  • 13,417 SF of rentable office area plus 2,326 SF of office common area

Property Analytics

Current Use

WPM Department Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Butcher Veterinary Clinic Pet Grooming Service Buffet

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

13,542
Businesses Nearby

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?
Mixed-use property - Street-level retail supports office occupancy in a recently updated downtown asset.
Where is this mixed-use property located?
The property is located at 46 NE 1st Ave Miami, FL.
What are key features of this property?
This property features: 19,486 SF gross building area and 17,160 SF rentable building area; 3,743 SF of street‑access retail space with both units leased on NNN terms; 13,417 SF of rentable office area plus 2,326 SF of office common area
(305) 209-8866 Call to check price and availability
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