Listing Agency: Brickell Real Estate Services

Listed By: Adriana Angel · License #3207443

Source: Crexi

Added: Apr 11 Changed: Sep 2 Last Checked: Sep 1 at 2:02AM

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Investment Insights

Based on property information with market context.

This commercial retail space is configured for street-level access within the Paraiso District. The property is identified as part of the newer Paraiso Bay development and is associated with views toward the bay. Its retail classification supports storefront-oriented commercial use in an established mixed-use district.

Key Highlights

• Street‑level retail positioning
• Located in Miami’s Paraiso District
• Part of the newer Paraiso Bay development

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Barber Shop Grocery & Convenience Store Tanning Salon Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,182

Businesses Nearby

Explore this area Business Placement

Demographics for 33137, FL

25,763

Population

15,237

Households

1.7

Avg Household Size

37

Median Age

51%

College-Educated

90%

High-School Grad

2.0 sq mi

ZIP Area

12,882

Density / Sq Mi

$82,798

Median Household Income

$53,519

Median Earnings

$2,338

Median Rent

$532,900

Median Home Value

Market

Vacancy Rate% for Retail in Miami, FL

3.5% 2019

4.3% 2020

3.3% 2021

2.9% 2022

3.1% 2023

2% 2024

2.7% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Commercial retail space positioned within Miami’s Paraiso District.

Where is this retail space located?

The property is located at 650 NE 32th Terrace # 15 Miami, FL.

What are key features of this property?

This property features: Street‑level retail positioning; Located in Miami’s Paraiso District; Part of the newer Paraiso Bay development