For Sale
$745,000

150 2Nd AveMiami, FL 33131

1,600 SF Office, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1,600 square foot office condo, located at 150 SE 2nd Ave #902 in Miami, Florida, presents a lucrative investment opportunity. Currently leased until October 2026, offering a strong 7% cap rate, this premium Class A space is situated within the prestigious Chase Bank Building, designed by renowned architect Morris Lapidus. The unit boasts a high-end design, accommodating up to 15 employees. The layout includes two private offices, two large working areas/conference rooms, four individual work bays, a kitchen, and a lobby lounge. The HOA fee covers daily cleaning, electricity, and air conditioning, providing significant operational cost savings. The building itself benefits from on-site management and offers valet parking for guests. It's home to a collection of high-profile businesses, including financial, legal, accounting, and real estate firms. Recently completed renovations encompass all common areas, enhancing the building's appeal and functionality. The building's strategic location provides unparalleled accessibility, with convenient access to I-95 via two entrances. This is a rare opportunity to acquire a high-quality, income-producing office condo in a prime Miami location. The building's address is 150 SE 2nd Ave #902, Miami, FL 33131. Year built is 1967. The asking price is $745,000.

Highlights

  • 1,600 SF Class A office condo in Miami's prestigious Chase Bank Building (150 SE 2nd Ave #902, Miami, FL 33131).
  • Leased until October 2026, offering a 7% cap rate.
  • High-end finishes, accommodating up to 15 employees; includes private offices, conference rooms, and work bays.
  • Low operating costs due to HOA covering cleaning, electricity, and AC.
  • Valet parking, on-site management, and recently renovated common areas.

Property Details for 150 2Nd Ave

Property type
Office properties
Square Feet
1,600 SF
Year Built
1967

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7729969
Longitude
-80.1903322
150 2Nd Ave, Miami, Florida

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150 2Nd Ave
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