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    2316 57Th Ave Miami, FL 33155

    For Sale
    $1,299,000

    1,989 SF, 100% Leased, High ROI

    Property size:
    1,989 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,989 square foot office building, constructed in 1937, presents a lucrative investment opportunity in Miami, Florida. Located at 2316 SW 57th Ave, in the desirable Red Road Corridor of Miami-Dade County, this single-tenant property boasts a 100% occupancy rate, generating consistent income. Its strategic location offers unparalleled convenience, situated directly across from Coral Gables and in close proximity to prominent medical facilities such as Coral Gables Hospital and Nicklaus Children's Hospital. The property's zoning allows for a diverse range of uses, including medical offices, general office space, retail establishments, and restaurants, providing flexibility for future development or tenant diversification. The asking price is $1,299,000. This well-maintained building represents a strong investment with significant potential for appreciation and consistent cash flow. The property's prime location and versatile zoning make it an attractive asset in a thriving Miami market. This is a rare opportunity to acquire a fully leased, income-producing property in a highly sought-after area. The building's history and current success combine to create a compelling investment proposition.

    Property Features for 2316 57Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,989 SF

    Building Details

    Year Built
    1937

    HighLights

    • $1,299,000 asking price.
    • 1,989 square foot office building.
    • Built in 1937.
    • Located at 2316 SW 57th Ave, Miami, FL 33155.
    • 100% leased, income‑producing property.
    • Situated on the Red Road Corridor, across from Coral Gables.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bright Smiles Pedicare ... Child Health Care Centre

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2875502
    Latitude
    25.7493109

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    FAQs

    What type of property is this?
    Office Property / Space - 1,989 SF, 100% Leased, High ROI
    Where is this office property / space located?
    The property is located at 2316 57Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: $1,299,000 asking price.; 1,989 square foot office building.; Built in 1937.
    Request Owner's contact information
    2316 57Th Ave Miami, FL 33155
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    Miami, FL 33155
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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
    2316 57Th Ave Miami, FL 33155
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