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    5222 7Th Ave Miami, FL 33127

    Sponsored
    For Sale
    $1,650,000

    High-traffic retail, renovated, great location

    Property size:
    4,723 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Miami retail property at 5222 NW 7th Ave offers 4,723 square feet on a 9,548 square foot lot, currently operating as a dry-cleaning and laundry business. Located in a high-traffic area with an average daily traffic count of 30,500 vehicles, this single-story, 1952-built building boasts recent upgrades including impact windows, a new roof, updated plumbing, and structural improvements. A new lint interceptor and upgraded 3-phase 600-amp electrical service enhance its functionality. The property is zoned T5-0/T6-8 and benefits from its location near the Design District, Midtown, Wynwood, Allapattah, Little River, and Little Haiti. The asking price is $1,650,000, inclusive of both the real estate and the existing business, which can be delivered vacant or operational at no extra cost. The 40-year certification is complete, and the property sits within a Qualified Opportunity Zone. Owner financing is considered. This versatile space is ideal for both investors and end-users seeking a prime retail location in a thriving Miami neighborhood. The property includes one loading dock.

    Property Features for 5222 7Th Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    4,723 SF

    Building Details

    Year Built
    1952
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Offered at $1,650,000, including real estate and business.
    • 4,723 SF building on a 9,548 SF lot.
    • Located in a Qualified Opportunity Zone.
    • Recently renovated.
    • High traffic count: 30,500 AADT.
    • Zoned T5‑O & T6‑8.
    Property Profile Location Intelligence

    Current Use by Public Records

    CRANDON cleaners Dry Cleaner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -80.2083837
    Latitude
    25.8235607

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    FAQs

    What type of property is this?
    Specialty property - High-traffic retail, renovated, great location
    Where is this specialty property located?
    The property is located at 5222 7Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Offered at $1,650,000, including real estate and business.; 4,723 SF building on a 9,548 SF lot.; Located in a Qualified Opportunity Zone.
    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
    5222 7Th Ave Miami, FL 33127
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