2534 N Miami Ave, Miami, FL 33127
- Amusement parks
- 18,870 SF
- 0.55 lot acres
Current Use by Public Records
- Perfum International / Warehouse & Storage
- 2534 N Miami Ave Parking / Parking Lot & Garage
- Frites Artois / Restaurant
Property Details for 2534 N Miami Ave
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.55 lot acres
- Zone code
- 6100:COMMERCIAL,NEIGHBRHD
- Property type
- Amusement parks
- APN
- 01-3125-029-1150
- APU
- 131250291150
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 2, 2021 | $13,000,000 | 2534 N Miami Associates LLC | 2534 Morse LLC | Special Warranty Deed | $8.1M · Metropolitan Commercial Bank |
| Jul 16, 2015 | $10,800,000 | 2534 Morse LLC | Zadok Real Estate Holdings LLC | Special Warranty Deed | $6.2M · C1 Bank |
| Aug 5, 2008 | $3,200,000 | Zadok Real Estate Holdings LLC | 2534 North Miami Avenue LLC | Warranty Deed | $2.4M · Bankunited Fsb |
| Feb 13, 2008 | — | 2534 North Miami Avenue LLC | — | Trustees Deed · related | $625k · Jorge Diaz |
| Feb 11, 2003 | $1,000,000 | North Miami Ave 2534 | Diaz,jorge | Grant Deed | $625k · Jorge Diaz |
| — | — | Jorge Diaz | — | Deed Of Trust · related | $175k · Eagle National Bank Of Miami |
Description
This exceptional 0.55-acre commercial land parcel, located at 2534 N Miami Ave, Miami, FL 33127 (APN: 01-3125-029-1150), is offered at $18,000,000 ($750/SF). Currently zoned T6-8-O, it allows for an 82-unit boutique development as-of-right. The Live Local Act enables the construction of a high-rise building, potentially up to 60 stories and 550 units, subject to approvals. Situated on a highly visible corner lot on a main Wynwood thoroughfare, this property benefits from the neighborhood's rapid transformation into a vibrant hub of art, dining, nightlife, and business. Wynwood's growth includes over 2.1 million square feet of office space, 2.6 million square feet of retail, and 3,100+ apartment units, demonstrating strong market demand. The property's prime location provides unparalleled access to major South Florida markets, including over 12.7 million square feet of Class A office and over 10.9 million square feet of Class A retail within a 15-minute radius. The burgeoning condo market, with recent projects selling at over $1,250 per square foot, further underscores the investment potential. This presents a unique opportunity to capitalize on Wynwood's continued expansion and create a landmark development in this dynamic and sought-after location. The property is for sale by owner.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $16,935,000
- ML approach
- $12,160,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1954
- Latitude
- 25.8013
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
