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    111 54Th St Miami, FL 33127

    For Sale
    $5,800,000

    Prime location, high traffic, redevelopment potential

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property, located at 111 NW 54th St in Miami, Florida, presents a compelling investment opportunity. The 5,000 square foot property, built in 1953, comprises two buildings situated on a large corner lot encompassing an entire city block in a prime redevelopment area of Miami-Dade County. Its strategic location on a busy thoroughfare of 54th Street ensures high visibility and significant foot traffic. The property boasts ample parking, a significant advantage in this vibrant urban setting. Its proximity to Wynwood, the Design District, Midtown, Miami Beach, and Downtown Miami provides unparalleled access to a diverse and affluent population. Previously occupied by Blackwell Plumbing Company and currently used as a church with a newer addition serving as a chapel, reception area, and meeting space, this property offers versatile options. The existing structures could be repurposed for various storefront commercial businesses or redeveloped into a multi-family apartment building, capitalizing on the area's strong demand for housing. The asking price is $5,800,000. This is a rare chance to acquire a substantial property with significant redevelopment potential in one of Miami's most dynamic neighborhoods. The zip code is 33127.

    Property Features for 111 54Th St

    General Information

    Property type
    Retail properties
    Square Feet
    5,000 SF

    Building Details

    Year Built
    1953
    Buildings
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -80.1984399
    Latitude
    25.8253792

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    FAQs

    What type of property is this?
    Retail property - Prime location, high traffic, redevelopment potential
    Where is this retail property located?
    The property is located at 111 54Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $5,800,000.
    Request Owner's contact information
    111 54Th St Miami, FL 33127
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    Miami, FL 33127
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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
    111 54Th St Miami, FL 33127
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