4200 Nw 2Nd Ave Miami, FL 33127
This exceptional three-bay retail property, totaling 7,149 square feet, is situated on a 10,965 square foot lot in Miami's vibrant Wynwood neighborhood. Built in 1957 and extensively renovated in 2024, this Class B property offers a compelling value-add investment opportunity. The property features three units, with one bay fully leased, providing immediate cash flow. A second, recently completed 1,400 square foot bay is actively being marketed for lease. The third, approximately 4,400 square foot bay, is ideally suited for a full-service restaurant and lounge, with submitted city plans awaiting approval. Located in the desirable Wynwood Norte area, this property benefits from its proximity to major retailers, the Design District, public transportation, and major thoroughfares. The property is zoned T4-L - Miami21, and is offered as a fee simple ownership with a triple net (NNN) lease type. This investment presents a rare chance to capitalize on the sustained growth and high demand within this dynamic South Florida market, offering the potential for long-term, stable cash flow and significant capital appreciation. The property is part of an auction scheduled for December 16th-18th. This is a prime opportunity to acquire a well-positioned retail asset in one of Miami's most sought-after neighborhoods.
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Solange Amalia Community Clinic Medical Clinic
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MIRAI Design District Corporate Office
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B.O.F. Paradise Academy Daycare Center
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Di Construction General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
4801:RESID-LIMITED RETAIL · Miami, FLMiami. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.