5040 2Nd Ave Miami, FL 33137
- Automotive properties
- 814 SF
- 0.10 lot acres
Current Use by Public Records
- Archetti's Bakery / Bakery / Gluten-Free Restaurant
- Palapa / Restaurant / Social Club
- Amaroo / Boutique / Jewelry Store
- Upper Buena Vista / Shopping Mall
Property Details for 5040 2Nd Ave
- Year built
- 1937
- Construction
- CONCRETE
- Lot size
- 0.10 lot acres
- Property size
- 814 SF
- Zone code
- 3901:KING HTS ORCHARD VI
- Property type
- Automotive properties
- APN
- 01-3124-012-0770
- APU
- 131240120770
Description
This exceptional 1,000-square-foot retail space is ideally situated at 5040 NE 2nd Ave in Miami, Florida (zip code 33137), offering unparalleled visibility at the entrance to the prestigious Upper Buena Vista neighborhood. The property, zoned 3901, features a single-tenant occupancy and is presented in a gross (NNN) format. The building itself boasts a unique aesthetic, highlighted by an exposed wood ceiling and a striking storefront design. The facade incorporates a glass door and a clouding element, all accented by pale bohemian tones that complement the surrounding area. The property benefits from its prominent location along NE 2nd Avenue, providing excellent exposure to potential customers. The space is versatile and suitable for a showroom, retail business, or other general commercial ventures. A large, established tree provides shade and adds to the property's charm. The property's APN is 01-31-24-012-0770. This is a rare opportunity to secure a highly visible and attractive retail space in a thriving Miami neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,210,000
- 6.5%
- $1,290,000
- 7%
- $1,260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,120,000
- Geo Method
- $1,160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,340,000
- Retail
- $1,325,000
- Mixed-Use
- $1,035,000
- Hospitality
- $1,185,000
- Educational
- $1,280,000
- Residential Income
- $1,070,000
- Energy
- $1,220,000
- Income-Based Land
- $1,360,000
- Food Service
- $1,285,000
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1919
- Latitude
- 25.8219
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
