Current Use by Public Records
- United Cabling - Low Voltage Wiring / Telecommunications Service / General Contractor
- O Studios / Art Studio
Property Details for 2824 5Th Ave
- Year built
- 1972
- Property type
- Retail properties & Spaces
- Property subtype
- Industrial properties
Description
This exceptional Class A commercial property, located at 2824 NW 5th Ave in Miami's vibrant Wynwood neighborhood, presents a unique investment opportunity. The 13,028 square foot building, constructed in 1972, features two units across two stories, offering a versatile layout ideal for a variety of uses. The property boasts a desirable storefront location on 5th Avenue, a key artery in Wynwood's evolving landscape. The building's design includes a striking feature: 18-foot ceilings on the second floor, enhanced by a twin T roof design. This expansive space is column-free on both floors, providing maximum flexibility for tenant improvements. Both floors are fully air-conditioned with recently updated (less than 3 years old) units. The property is zoned T5-O and is currently vacant, allowing for immediate occupancy and customization. Seller financing is available at a below-market rate, up to 80% LTV, offering a compelling financial incentive. This prime location, coupled with the building's unique features and flexible zoning, makes this an exceptional opportunity for investors seeking a high-impact property in a rapidly developing area. The Wynwood Master Plan, approved in 2020, anticipates significant redevelopment along 5th Avenue, promising future appreciation. This property is perfect for a gallery, showroom, restaurant, club, retail space, or a hybrid use.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2036
- Latitude
- 25.8032
