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    501 31St St Miami, FL 33137

    Sponsored
    For Sale
    $725,000

    Prime Retail/Office, 685 SF, $725K

    Property size:
    685 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 685-square-foot retail or mixed-use space is ideally situated in Miami's rapidly developing Edgewater neighborhood at 501 NE 31st St #6, Miami, FL 33137. Built in 2018, the property boasts direct street access and benefits from its location within a high-density residential area. Its proximity to Miami International Airport, downtown Miami, Wynwood, the Design District, and Miami Beach provides unparalleled accessibility and high visibility. The space is currently in a raw condition with some existing improvements, offering a unique opportunity for a buyer to customize the layout to perfectly suit their specific business needs. A variety of uses are possible, including but not limited to: pet grooming salon, hair or barber shop, pilates studio, beauty or nail salon, convenience store, mini-market, coffee shop, small bistro, boutique fitness center, or professional office. The asking price for this remarkable property is $725,000. This presents a compelling investment opportunity in a thriving Miami location. The property is located in Miami-Dade County.

    Property Features for 501 31St St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    685 SF

    Building Details

    Year Built
    2018

    HighLights

    • Asking price: $725,000
    • 685 square foot retail/mixed‑use space
    • Built in 2018
    • Located at 501 NE 31st St #6, Miami, FL 33137, in the rapidly growing Edgewater neighborhood
    • Prime location near airport, downtown, Wynwood, Design District, and Miami Beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    4Remodel Florida Contractor Realty Advisors Miami ... Real Estate Agent Masters Yacht Club Yacht Club Moros Construction General Contractor

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Food Market Daycare Center 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
    -80.1873138
    Latitude
    25.8068816

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Retail/Office, 685 SF, $725K
    Where is this mixed-use property located?
    The property is located at 501 31St St Miami, FL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Asking price: $725,000; 685 square foot retail/mixed-use space; Built in 2018
    Request Owner's contact information
    501 31St St 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
    501 31St St Miami, FL 33137
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