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    1139 2Nd Ave Miami, FL 33136

    For Sale
    $1,500,000

    Prime Miami location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional office building, located at 1139 NW 2nd Avenue in the heart of Downtown Miami, Florida, is offered at $1,500,000. Constructed in 1947, the property presents a unique investment opportunity. While the lot size is not specified, the building itself offers significant potential for expansion. The building has a rich history, having served as a mini-market for over 45 years. This established use demonstrates the property's suitability for retail or other commercial ventures. The substantial space at the rear of the building provides ample room for expansion or redevelopment, allowing for increased square footage and potential rental income. The property's central Downtown Miami location offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The 33136 zip code ensures proximity to major transportation routes and a vibrant urban environment. This property is ideal for an investor seeking a well-situated building with significant upside potential. The existing structure provides a solid foundation for future development or continued use as a commercial space. Serious inquiries are encouraged.

    Property Features for 1139 2Nd Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1947
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Dental Office Spa & Massage Law Firm Hair Salon Restaurant Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1984688
    Latitude
    25.7855395

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Miami location, high potential.
    Where is this office property / space located?
    The property is located at 1139 2Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    1139 2Nd Ave Miami, FL 33136
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    Miami, FL 33136
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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
    1139 2Nd Ave Miami, FL 33136
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