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Property profile & analytics
OFF-MARKET Estimated value $57,230,000
Hotels

300 2nd Ave Miami, FL 33131

406,000 SF Built 1982
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-5507212
Property summary
AI-generated overview

This exceptional 4,266 square foot Class A retail or restaurant space is available for lease in Downtown Miami's vibrant urban core. Located at 300 SW 2nd Ave, this new construction space boasts a dedicated 5,000 square foot covered patio, perfect for outdoor dining or retail displays. The property is situated at the base of the Modera Riverside, a 428-unit high-rise residential building, ensuring a built-in customer base. With a walk score of 92 and a transit score of 100, this location offers unparalleled accessibility for pedestrians and public transportation users. The space is ideal for a single tenant and features a total of 4,266 square feet, all of which is currently vacant. The building underwent renovations in 2024, ensuring modern amenities and a contemporary aesthetic. Located in Miami-Dade County, within the Downtown Miami submarket, this property presents a unique opportunity to establish a thriving business in one of South Florida's most dynamic and desirable locations. Divisions of the space may be considered. The property is situated in a highly pedestrian and transit-friendly area, making it easily accessible to a large potential customer base. This is a single-tenant space, offering complete control and flexibility for the lessee.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1982
Total area 406,000 SF
Zoning code 6401:COMMERCIAL
APN 01-3137-022-0030
UPID US18-5507212
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
  • Lynn and Louis Wolfson II Florida Moving Image Archives at MDC Museum
  • Miami Dade College - Wolfson Campus College Educational Institution
  • Miami Dade College College Government College
  • Miami Bull Resort
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$57.23M
Owner & transaction history
Hrm Owner LLC · 4 yrs held
Hrm Owner LLC
since 2021
1 recorded transaction
2021
$12.5M
Zoning & alternative use
6401:COMMERCIAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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