111 54Th St Miami, FL 33127
- Commercial real estate
- 5,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 111 54Th St
- Year built
- 1953
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use property, located at 111 NW 54th St in Miami, Florida, presents a compelling investment opportunity. The 5,000 square foot property, built in 1953, comprises two buildings situated on a large corner lot encompassing an entire city block in a prime redevelopment area of Miami-Dade County. Its strategic location on a busy thoroughfare of 54th Street ensures high visibility and significant foot traffic. The property boasts ample parking, a significant advantage in this vibrant urban setting. Its proximity to Wynwood, the Design District, Midtown, Miami Beach, and Downtown Miami provides unparalleled access to a diverse and affluent population. Previously occupied by Blackwell Plumbing Company and currently used as a church with a newer addition serving as a chapel, reception area, and meeting space, this property offers versatile options. The existing structures could be repurposed for various storefront commercial businesses or redeveloped into a multi-family apartment building, capitalizing on the area's strong demand for housing. The asking price is $5,800,000. This is a rare chance to acquire a substantial property with significant redevelopment potential in one of Miami's most dynamic neighborhoods. The zip code is 33127.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1984399
- Latitude
- 25.8253792
