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    3422 5Th Ave Miami, FL 33127

    For Lease
    $0.02 SF/Yr

    30,000 SF Open Concept Space

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 30,000 square foot special purpose property presents a unique mixed-use investment opportunity in the burgeoning Wynwood Norte neighborhood. Located just two blocks from both Wynwood and Midtown, this single-tenant space boasts a completely open concept design, allowing for complete customization to suit a wide range of business needs. The property is zoned 6107 and features APN 01-31-25-021-0180. Its prime location offers unparalleled access to the vibrant energy of Wynwood and Midtown, with the added benefit of a residential component directly above, comprising 25 apartments. Further enhancing its appeal, 147 condos are currently under construction directly across the street, promising increased foot traffic and a growing customer base. This presents a rare chance to establish or expand a business in a rapidly developing area. Flexible lease terms are available, making this an attractive proposition for businesses seeking a dynamic and adaptable space. The property's open layout provides maximum flexibility for design and functionality, catering to a diverse range of business requirements. This is an exceptional opportunity to capitalize on the continued growth and revitalization of Wynwood and Midtown.

    Property Features for 3422 5Th Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF

    Unit(s) available at that property

    Space
    Size
    30,000 SF
    Rate per SF
    $0.02

    HighLights

    • Special Purpose property with single tenancy.
    • 30,000 square foot building.
    • Located in Wynwood Norte, two blocks from Wynwood and Midtown.
    • Adjacent to 25 apartments and across from a 147‑unit condo development.
    • Flexible lease terms available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2037144
    Latitude
    25.8088147

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    FAQs

    What type of property is this?
    Specialty property - 30,000 SF Open Concept Space
    Where is this specialty property located?
    The property is located at 3422 5Th Ave Miami, FL.
    What is the lease rate?
    The lease rate is $0.02 SF/Yr.
    What are key features of this property?
    This property features: Special Purpose property with single tenancy.; 30,000 square foot building.; Located in Wynwood Norte, two blocks from Wynwood and Midtown.
    Request Owner's contact information
    3422 5Th Ave 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
    3422 5Th Ave Miami, FL 33127
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