For Lease
$68/SF/YR

501 31St StMiami, FL 33137

Luxury retail condo, prime location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3,095 square foot retail space, located in the prestigious Paraiso District of Edgewater, Miami, presents a unique investment opportunity. Built in 2018 and recently renovated in 2023, this Class A property features two suites, each a minimum of 1,530 square feet, with a maximum contiguous space of 3,095 square feet. The two-story building offers twelve parking spaces and boasts a stunning design, including high ceilings, sleek finishes, and ample natural light. Its prime location within a thriving, upscale neighborhood ensures high visibility and foot traffic. The space is ideal for a variety of uses, such as a gourmet casual restaurant, cafe, bistro, or hair salon, and benefits from a corner location with a sizeable area of exclusive outdoor space. Additional features include a second-floor private lobby with elevator access and a grease trap. The property's annual taxes are $4.38 per square foot. The unit is currently undergoing interior remodeling and will be available for showing at the end of August. This is an unparalleled opportunity to establish a business in one of Miami's most desirable locations, surrounded by luxury residences and high-end amenities. The high purchasing power of the surrounding upper-middle-class and upper-class community ensures a strong potential customer base. The lack of similar businesses in the immediate area provides a competitive advantage.

Highlights

  • 3,095 SF of Class A retail/restaurant space in Edgewater, Miami's Paraiso District.
  • Two suites available, minimum 1,530 SF divisible, up to 3,095 SF contiguous.
  • Built in 2018, renovated in 2023, featuring 12 parking spaces and a prime location within a luxury residential development.
  • High ceilings, ample natural light, and a flexible layout ideal for various uses, including gourmet restaurants, cafes, or salons.
  • Located in a high-income area with limited competition and access to a large customer base.

Property Details for 501 31St St

Property type
Specialty properties, Retail properties
RSF (Rentable sq. ft)
3,095 SF
Class
A
Year Built/Renovated
2018/2023
Buildings
1
Stories
2

Unit(s) available at that property

Space
Space B- first Floor
Size
1,560 SF
Rate per SF
$68
Space
Space A - 1st floor
Size
1,530 SF
Rate per SF
$68

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.806607901273
Longitude
-80.186875521247
501 31St St, Miami, Florida

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Contacts

Clemente Hernandez

Learn more

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501 31St St, Miami, Florida, 33137

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

501 31St St
  • Clemente Hernandez
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