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    1119 3Rd Ave Miami, FL 33136

    For Lease
    $48 SF/Yr

    High-visibility 500 sq ft retail space

    Lot size:
    500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 500-square-foot retail space is ideally situated on a prominent corner of NW 3rd Avenue, ensuring high visibility and foot traffic. The single-tenant occupancy offers a unique opportunity for a business seeking a well-located, independent storefront. The property is a single-story building with no on-site parking. However, its location offers convenient access to nearby amenities and public transportation. The zoning classification is 6100. The property's Assessed Parcel Number (APN) is 01-31-36-037-0570. Its strategic placement near an elementary school and community centers provides a strong potential customer base. This prime location offers significant advantages for businesses seeking high visibility and convenient access to a thriving community. The property's single-suite configuration provides a focused and efficient space for a variety of retail uses. The absence of on-site parking may be offset by the accessibility of alternative parking solutions in the surrounding area. This presents a unique opportunity for a business to establish a strong presence in a high-traffic area with a built-in customer base. Serious inquiries are encouraged to explore the potential of this exceptional retail space.

    Property Features for 1119 3Rd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    500 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    500 SF
    Rate per SF
    $48

    HighLights

    • 500 sq. ft. retail space.
    • Single‑tenant occupancy.
    • Located at 1119 NW 3rd Ave.
    • High‑visibility corner location on 3rd Avenue.
    • Proximity to elementary school and community centers.
    • Zoned 6100, APN 01‑31‑36‑037‑0570.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cozy Corner Cafe Cafe Lollipops & Gumdrops Children's ... Children'S Party Service

    Suggested Use

    Realty agency Dental Office Spa & Massage Law Firm Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1996917
    Latitude
    25.7850371

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    FAQs

    What type of property is this?
    Retail property - High-visibility 500 sq ft retail space
    Where is this retail property located?
    The property is located at 1119 3Rd Ave Miami, FL.
    What is the lease rate?
    The lease rate is $48 SF/Yr.
    What are key features of this property?
    This property features: 500 sq. ft. retail space.; Single-tenant occupancy.; Located at 1119 NW 3rd Ave.
    Request Owner's contact information
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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
    1119 3Rd Ave Miami, FL 33136
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