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    1040 Biscayne Boulevard Way Miami, FL 33132

    Sponsored
    For Sale
    $7,000,000

    Prime Biscayne Blvd storefront, 11,597 sq ft.

    Property size:
    11,597 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents 11,597 square feet of prime retail space located at 1040 Biscayne Boulevard in Miami, Florida, zip code 33132. Situated within Ten Museum Park, a dynamic mixed-use building in the heart of Downtown Miami, this storefront offers unparalleled visibility and accessibility. The property boasts direct frontage on Biscayne Boulevard, a major thoroughfare with high daily traffic counts exceeding 75,000 vehicles. Its strategic location places it within easy reach of Miami's most vibrant neighborhoods, including the Design District, Wynwood, Midtown, Brickell, and Miami Beach. The asking price for this single-building retail portfolio is $7,000,000, translating to a price per square foot of $603.60. Across the street lies Museum Park, home to the Science Center of the Americas and the Miami Art Museum, creating a vibrant and culturally rich environment. This property is ideal for a discerning investor seeking a high-impact retail presence in one of Miami's most sought-after locations. Note that this offering excludes the residential units within the building. All information should be independently verified.

    Property Features for 1040 Biscayne Boulevard Way

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,597 SF

    Building Details

    Buildings
    1

    HighLights

    • Retail Portfolio For Sale at 10 Museum Park.
    • Downtown Miami location.
    • Biscayne Boulevard frontage with high daily traffic counts (75,000+).
    • Convenient access to Miami Design District, Wynwood, Midtown, Brickell, and Miami Beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Realty agency Food Market Grocery Store Daycare Center Clothing 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
    -80.190427
    Latitude
    25.7845605

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    FAQs

    What type of property is this?
    Individual retail property - Prime Biscayne Blvd storefront, 11,597 sq ft.
    Where is this individual retail property located?
    The property is located at 1040 Biscayne Boulevard Way Miami, FL.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Retail Portfolio For Sale at 10 Museum Park.; Downtown Miami location.; Biscayne Boulevard frontage with high daily traffic counts (75,000+).
    Request Owner's contact information
    1040 Biscayne Boulevard Way Miami, FL 33132
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    Miami, FL 33132
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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
    1040 Biscayne Boulevard Way Miami, FL 33132
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