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    5501 2Nd Ave Miami, FL 33127

    For Sale
    $1,000,000

    Historic building, high-rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional mixed-use property, located at 5501 NW 2nd Ave, Miami, FL 33127, presents a compelling investment opportunity for both business owners and developers. Built in 1924, this historic building offers a prime location near Miami's thriving Buena Vista, Wynwood, Design District, Downtown Miami, and Brickell neighborhoods, ensuring high visibility and foot traffic. The property is classified as a T5-L mixed-use building, accommodating retail and office spaces alongside apartments. Currently, the property includes a large studio in the back, and both units generate a combined monthly rental income of approximately $5,000-$6,000. The property also includes four dedicated parking spaces, supplemented by ample street parking. This presents a unique chance to acquire a well-situated, income-producing asset. The asking price is $1,000,000, and financing options are available, including SBA financing with as little as 10% down payment. The property's strategic location and versatile zoning make it ideal for a variety of uses, offering significant potential for future growth and appreciation. This is a rare opportunity to own a piece of Miami's vibrant commercial landscape.

    Property Features for 5501 2Nd Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1924

    HighLights

    • Prime mixed‑use property in Miami's desirable Buena Vista area, near Wynwood, Design District, Downtown, and Brickell.
    • Historic 1924 building with T5‑L zoning allowing retail, office, and residential uses.
    • Currently generates $5,000-$6,000 monthly rental income from existing studio and other units.
    • Includes four dedicated parking spaces plus ample street parking.
    • Offered at $1,000,000 with financing options available, including SBA loans with 10% down.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Churchill's Pub Pub

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -80.1998443
    Latitude
    25.8261917

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, high-rental income potential.
    Where is this mixed-use property located?
    The property is located at 5501 2Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Prime mixed-use property in Miami's desirable Buena Vista area, near Wynwood, Design District, Downtown, and Brickell.; Historic 1924 building with T5-L zoning allowing retail, office, and residential uses.; Currently generates $5,000-$6,000 monthly rental income from existing studio and other units.
    (305) 510-6627
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    5501 2Nd 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
    5501 2Nd Ave Miami, FL 33127
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