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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2824 5Th Ave Miami, FL 33127

13,028 SF Built 1972
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1972
Total area 13,028 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • United Cabling - Low Voltage Wiring Telecommunications Service General Contractor
  • O Studios Art Studio
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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