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Property profile & analytics
FOR SALE
Commercial real estate

5501 NW 2Nd Ave Miami, FL 33127

Built 1924
Property ID
US18-1672801
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1924
UPID US18-1672801
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
  • ATM Atm
  • Churchill's Pub Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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