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Property profile

3400 Miami Ave Miami, FL 33127

OFF-MARKET
Office buildings
Property ID
US18-1579957
View Sample
2,726 SF 0.08 ac lot Built 1918
Entity Owned 24-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional mixed-use property, located at 3400 N Miami Ave in Miami, Florida (zip code 33127), presents a unique investment opportunity. Built in 1918, this two-story warehouse building offers 3,800,000 USD asking price. Situated on a corner lot in the desirable Midtown/Wynwood area, the property benefits from its high visibility and convenient access to I-95, ensuring significant foot and vehicular traffic. Currently operating as a high-end fabric and clothing store, the building boasts a versatile layout suitable for a variety of commercial uses. The 1-building property includes a kitchen and two bathrooms, adding to its functionality. Its mixed-use zoning (Industrial, Retail) allows for diverse business operations or redevelopment potential, catering to entrepreneurs and investors seeking a prime location with substantial growth prospects. The property's strategic location within Miami-Dade County, combined with its existing infrastructure and high traffic volume, makes it an attractive investment for those seeking a strong return on investment. The building's history adds character, while its adaptable design allows for modern updates and customization to suit a wide range of business needs. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1918
Construction CONCRETE
Total area 2,726 SF
Lot 0.08 ac (3,333 SF)
Zoning code 6101
APN 01-3125-019-1270
UPID US18-1579957

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M

Owner & transaction history

since 2002
5 recorded transactions
2002
$205,000
2002
$205,000
2001
$150,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6101 · Miami, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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