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    3470 Coast Ave Miami, FL 33137

    Sponsored
    For Sale
    $1,375,000

    Prime Retail & Flex Space, High Returns

    Property size:
    2,404 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,404-square-foot mixed-use property in Miami's vibrant Midtown neighborhood presents a rare investment opportunity. Built in 2007, this two-story building boasts 1,202 square feet of ground-floor retail space and an equally sized 1,202-square-foot second-floor flex space, ideal for live/work or office use. Each space features its own separate entrance, adding to the property's versatility. The retail space and the flex space are currently rented on a month-to-month basis, offering flexibility to the new owner. The building's attractive features include floor-to-ceiling windows, high ceilings, and a dual-zone air conditioning system. Two parking spaces are included. The property is situated within the Two Midtown complex, providing residents and tenants with access to a desirable array of amenities such as a swimming pool, fitness center, valet parking, concierge services, and 24-hour security. Its prime location places it within easy walking distance of numerous restaurants, upscale shops, and cultural attractions in Wynwood, the Design District, and Miami's beautiful beaches. The property is offered at $1,375,000 and currently generates an approximate 6% return on investment. This is a truly unique opportunity to acquire a thriving commercial property in one of Miami's most sought-after locations.

    Property Features for 3470 Coast Ave

    General Information

    Property type
    Retail properties
    Square Feet
    2,404 SF

    Building Details

    Year Built
    2007
    Stories
    2

    HighLights

    • $1,375,000 asking price.
    • 2,404 square foot mixed‑use building (retail and flex space).
    • Built in 2007, two stories.
    • Located at 3470 E Coast Ave #10, Miami, FL 33137.
    • Features 1,202 SF of ground floor retail and 1,202 SF of second‑floor flex space.
    • Includes two parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mr Mix and Master Recording Studio Octopustudio Wedding Photographer FLAPIX TECHNOLOGIES INC. Television Station 2 Midtown Condominium Complex Two Midtown Miami ... Non-Profit Organization

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1919962
    Latitude
    25.8093688

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    FAQs

    What type of property is this?
    Retail property - Prime Retail & Flex Space, High Returns
    Where is this retail property located?
    The property is located at 3470 Coast Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: $1,375,000 asking price.; 2,404 square foot mixed-use building (retail and flex space).; Built in 2007, two stories.
    Request Owner's contact information
    3470 Coast Ave Miami, FL 33137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3470 Coast Ave Miami, FL 33137
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