For Sale
$5,750,000

2824 5Th AveMiami, FL 33127

13,028 SF Flex Space, Wynwood, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A commercial property, located at 2824 NW 5th Ave in Miami's vibrant Wynwood neighborhood, presents a unique investment opportunity. The 13,028 square foot building, constructed in 1972, features two units across two stories, offering a versatile layout ideal for a variety of uses. The property boasts a desirable storefront location on 5th Avenue, a key artery in Wynwood's evolving landscape. The building's design includes a striking feature: 18-foot ceilings on the second floor, enhanced by a twin T roof design. This expansive space is column-free on both floors, providing maximum flexibility for tenant improvements. Both floors are fully air-conditioned with recently updated (less than 3 years old) units. The property is zoned T5-O and is currently vacant, allowing for immediate occupancy and customization. Seller financing is available at a below-market rate, up to 80% LTV, offering a compelling financial incentive. This prime location, coupled with the building's unique features and flexible zoning, makes this an exceptional opportunity for investors seeking a high-impact property in a rapidly developing area. The Wynwood Master Plan, approved in 2020, anticipates significant redevelopment along 5th Avenue, promising future appreciation. This property is perfect for a gallery, showroom, restaurant, club, retail space, or a hybrid use.

Highlights

  • Seller financing available with attractive terms.

Property Details for 2824 5Th Ave

Property type
Retail properties, Industrial properties
Square Feet
13,028 SF
Class
A
Year Built
1972
Buildings
1
Stories
2
Units
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8032008
Longitude
-80.2035898
2824 5Th Ave, Miami, Florida

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2824 5Th Ave
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