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    5040 2Nd Ave Miami, FL 33137

    For Lease
    $42 SF/Yr

    1,000 sq ft, High Visibility

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1,000-square-foot retail space is ideally situated at 5040 NE 2nd Ave in Miami, Florida (zip code 33137), offering unparalleled visibility at the entrance to the prestigious Upper Buena Vista neighborhood. The property, zoned 3901, features a single-tenant occupancy and is presented in a gross (NNN) format. The building itself boasts a unique aesthetic, highlighted by an exposed wood ceiling and a striking storefront design. The facade incorporates a glass door and a clouding element, all accented by pale bohemian tones that complement the surrounding area. The property benefits from its prominent location along NE 2nd Avenue, providing excellent exposure to potential customers. The space is versatile and suitable for a showroom, retail business, or other general commercial ventures. A large, established tree provides shade and adds to the property's charm. The property's APN is 01-31-24-012-0770. This is a rare opportunity to secure a highly visible and attractive retail space in a thriving Miami neighborhood.

    Property Features for 5040 2Nd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Size
    1,000 SF
    Rate per SF
    $42

    HighLights

    • 1,000 SF retail space at 5040 NE 2nd Ave, Miami, FL 33137.
    • High visibility at the entrance to Upper Buena Vista.
    • Zoned 3901, single‑tenant occupancy, NNN lease.
    • Unique aesthetic with exposed wood ceiling and attractive storefront.
    • Prominent NE 2nd Ave location offering excellent exposure.
    • Versatile space suitable for showroom, retail, or general commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Archetti's Bakery Bakery Palapa Event Venue Amaroo Boutique Upper Buena Vista Shopping Mall

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.191909
    Latitude
    25.821896

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    FAQs

    What type of property is this?
    Retail property - 1,000 sq ft, High Visibility
    Where is this retail property located?
    The property is located at 5040 2Nd Ave Miami, FL.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: 1,000 SF retail space at 5040 NE 2nd Ave, Miami, FL 33137.; High visibility at the entrance to Upper Buena Vista.; Zoned 3901, single-tenant occupancy, NNN lease.
    Request Owner's contact information
    5040 2Nd Ave Miami, FL 33137
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    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
    5040 2Nd Ave Miami, FL 33137
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