137 Miami Ave, Miami, FL 33128-1825
- Outlet malls
- 15,657 SF
- 0.17 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 137 Miami Ave
- Year built
- 1925
- Construction
- CONCRETE
- Lot size
- 0.17 lot acres
- Zone code
- 6401:COMMERCIAL
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 01-0110-050-1050
- APU
- 101100501050
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 19, 2024 | $5,200,000 | J&e 137 Capital LLC | Scanda Property 2 LLC | Warranty Deed | $3.2M · Scanda Property 2 LLC |
| Aug 11, 2023 | — | 25 West Flagler Street LLC | City National Bank Of Florida | Correction Deed · related | — |
| Apr 16, 2012 | — | Brown Asset Two LLC | Brown Asset Management Ltd | Quit Claim Deed · related | — |
| Apr 16, 2012 | $1,525,000 | Scanda Property 2 LLC | Brown Asset Two LLC | Warranty Deed | — |
| Apr 19, 2010 | — | Brown Asset Re One LLC | Brown Asset Management Ltd | Quit Claim Deed · related | — |
| Oct 29, 2007 | — | Brown Asset Management Ltd | Brown,stanley | Quit Claim Deed · related | — |
Description
This exceptional redevelopment opportunity presents a vacant, 15,657 square foot, two-story building situated on a 7,500 square foot lot at the prime intersection of N Miami Ave and NE 2nd St in Downtown Miami. The property, known as "The Manhattan," is a nationally registered historic building constructed in 1925 and extensively renovated in 2020. Improvements include hurricane impact-resistant windows, stucco and facade enhancements, and restored balconies. Currently vacant, the property offers 172 buildable units by right, thanks to its T6-80 zoning designation, allowing for buildings up to 80 stories high. An estimated additional $2 million investment is needed to achieve full occupancy. The asking price is $5,950,000, with a price per square foot of $380.02. This presents a unique chance for investors and developers to capitalize on Downtown Miami's thriving real estate market. The property includes one building and features a vacant tenancy. The APN is 01-0110-050-1050. This is a covered land play with significant upside potential in a high-demand location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1934
- Latitude
- 25.7759
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
