2500 Biscayne Blvd Miami, FL 33137

Property Details for 2500 Biscayne Blvd

Year built

2017

Lot size

0.40 lot acres

Property size

13,908 SF

Zone code

CEN HI DENS BORDERS CB

Property type

Retail space

APN

01-3230-023-0125

APU

132300230125

Description

This exceptional investment opportunity presents 13,243 square feet of premier ground-floor retail space in Miami's vibrant Edgewater District. Located at 2500 Biscayne Boulevard, this double-corner, block-to-block property boasts unparalleled visibility on Biscayne Boulevard, with over 40,000 vehicles passing daily. The property consists of three units, currently 100% occupied by credit-worthy tenants including Mount Sinai, Rice Mediterranean Kitchen, and Amerant Bank, under triple-net (NNN) leases with rent bumps. Built in 2017, this single-story building offers 45 dedicated parking spaces across the ground and second floors, providing convenient access for tenants and patrons. The property benefits from its strategic location, proximate to Downtown Miami, Wynwood, Midtown, and the Design District, and enjoys easy access to Miami Beach via I-195. With a 6.01% cap rate and a net operating income (NOI) of $852,768, this is a compelling investment opportunity in a high-growth area. The asking price is $14,200,000. This property offers a strong, stable income stream with significant upside potential in a dynamic Miami location.

Location Insight

City

Miami

County

Miami-dade

State

Florida

Longitude

-80.1894

Latitude

25.8013

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments