5020 Biscayne Boulevard, Miami, FL 33137

Building Details

Year Built

1949

Listing office Signature One Luxury Estates LLC m***@signatureonele.com Show Phone

Listing date Dec 6, 2023

Source Exitrealty

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Overview

This commercially zoned C-1 building, situated on a half-acre lot in the heart of the Design District, features a state-of-the-art recording studio. The gated property includes 16 parking spaces and a 34-camera security system. The 14,685 square foot building contains over 5 offices, 8 restrooms, 2 conference rooms, and 3 artist lounges with kitchenettes. The 4,500 square foot studio for video and photography is equipped with over $500,000 of equipment, including an SSL (Solid State Logic) 9000 J Series recording and mixing console and active mains (studio loud speakers, valued over $20,000 a pair). It also features 4 fully equipped isolation rooms with fully wired microphone and DI panels, a TT patch bay, non-right angular wall construction to diffuse sound waves, discrete walls for artist privacy, and electrical outlets installed with ground pins on top. The property is an investment-grade opportunity with a credit tenant and 1.5 years remaining on the lease.

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.188279

Latitude

25.770652

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FAQs

What type of property is this?

1031 exchange property - Commercial zoned building with recording studio in the Design District.

Where is this 1031 exchange property located?

The property is located at 5020 Biscayne Boulevard Miami, FL.

What is the asking price?

The asking price for this property is $25,000,000.

What are key features of this property?

This property features: State‑of‑the‑art recording studio with over $500,000 of equipment, including an SSL 9000 J Series console and high‑end active mains.; Commercial Zoned C‑1 Building in a Prime Location in the heart of the Design District.; Investment Grade‑Credit Tenant with 1.5 Year Lease remaining.