For Sale
$495,000

14 1St AveMiami, FL 33132

Prime Downtown Miami Office, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A office condo, Unit 1209 at One Flagler, offers 1,100 square feet of meticulously maintained space in Miami's Central Business District. Located at 14 NE 1st Ave, Miami, FL 33132, this single-tenant property boasts a strong net operating income (NOI) of $32,450, with a current occupancy rate of 100%. The asking price is $495,000, translating to $450 per square foot. The property features a modified lease with a 5-year term and 4% annual rent increases. Annual real estate taxes are $5,689, and the monthly HOA fee is $850. Expenses total $15,925 annually. This investment opportunity is ideally situated near premium restaurants and leisure destinations in Downtown Miami and Brickell, surrounded by significant developments such as Miami World Center, Waldorf Astoria, and Aston Martin Residences. The property's mid-century modern design adds to its appeal. This is a turnkey investment ready for immediate income generation. The property is in Miami-Dade County.

Highlights

  • Class A office condo, 1,100 SF, in Miami's Central Business District.
  • 5-year lease with 4% annual rent increases.
  • Annual property taxes: $5,689; HOA: $850/month; Net Operating Income (NOI): $32,450; Annual Expenses: $15,925.
  • Prime location near Downtown Miami and Brickell's restaurants and entertainment, close to major developments.
  • Asking price: $495,000 ($450/SF).

Property Details for 14 1St Ave

Property type
Office properties
Square Feet
1,100 SF
Class
A
Units
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7744312
Longitude
-80.1921706
14 1St Ave, Miami, Florida

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14 1St Ave
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