5501 2Nd Ave Miami, FL 33127
- Commercial real estate
Current Use by Public Records
- ATM / Atm
- Churchill's Pub / Dive Club / Live Music Bar
Property Details for 5501 2Nd Ave
- Year built
- 1924
- Property type
- Commercial real estate
Description
This exceptional mixed-use property, located at 5501 NW 2nd Ave, Miami, FL 33127, presents a compelling investment opportunity for both business owners and developers. Built in 1924, this historic building offers a prime location near Miami's thriving Buena Vista, Wynwood, Design District, Downtown Miami, and Brickell neighborhoods, ensuring high visibility and foot traffic. The property is classified as a T5-L mixed-use building, accommodating retail and office spaces alongside apartments. Currently, the property includes a large studio in the back, and both units generate a combined monthly rental income of approximately $5,000-$6,000. The property also includes four dedicated parking spaces, supplemented by ample street parking. This presents a unique chance to acquire a well-situated, income-producing asset. The asking price is $1,000,000, and financing options are available, including SBA financing with as little as 10% down payment. The property's strategic location and versatile zoning make it ideal for a variety of uses, offering significant potential for future growth and appreciation. This is a rare opportunity to own a piece of Miami's vibrant commercial landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1998443
- Latitude
- 25.8261917
