For Sale
$5,950,000

137 Miami Ave Miami, FL 33128

Historic Bar/Storefront, High-Density Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional redevelopment opportunity presents a vacant, 15,657 square foot, two-story building situated on a 7,500 square foot lot at the prime intersection of N Miami Ave and NE 2nd St in Downtown Miami. The property, known as "The Manhattan," is a nationally registered historic building constructed in 1925 and extensively renovated in 2020. Improvements include hurricane impact-resistant windows, stucco and facade enhancements, and restored balconies. Currently vacant, the property offers 172 buildable units by right, thanks to its T6-80 zoning designation, allowing for buildings up to 80 stories high. An estimated additional $2 million investment is needed to achieve full occupancy. The asking price is $5,950,000, with a price per square foot of $380.02. This presents a unique chance for investors and developers to capitalize on Downtown Miami's thriving real estate market. The property includes one building and features a vacant tenancy. The APN is 01-0110-050-1050. This is a covered land play with significant upside potential in a high-demand location.

Highlights

  • Extensive land area suitable for development.
  • Excellent location with high visibility and accessibility.
  • Zoned T6-80, allowing for a variety of uses.
  • Approved for 172 residential units.
  • Building exterior recently renovated.

Property Details for 137 Miami Ave

Property type
Retail properties, Bars
Square Feet
15,657 SF
Year Built/Renovated
1925/2020
Buildings
1
Stories
2
Units
172

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.776102764988
Longitude
-80.193700591623

FAQs

What type of property is this?
Retail property - Historic Bar/Storefront, High-Density Potential
Where is the retail property located?
The property is located at 137 Miami Ave Miami, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Extensive land area suitable for development.; Excellent location with high visibility and accessibility.; Zoned T6-80, allowing for a variety of uses.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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137 Miami Ave
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