For Sale
$1,000,000

5501 2Nd AveMiami, FL 33127

Historic building, high-rental income potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property, located at 5501 NW 2nd Ave, Miami, FL 33127, presents a compelling investment opportunity for both business owners and developers. Built in 1924, this historic building offers a prime location near Miami's thriving Buena Vista, Wynwood, Design District, Downtown Miami, and Brickell neighborhoods, ensuring high visibility and foot traffic. The property is classified as a T5-L mixed-use building, accommodating retail and office spaces alongside apartments. Currently, the property includes a large studio in the back, and both units generate a combined monthly rental income of approximately $5,000-$6,000. The property also includes four dedicated parking spaces, supplemented by ample street parking. This presents a unique chance to acquire a well-situated, income-producing asset. The asking price is $1,000,000, and financing options are available, including SBA financing with as little as 10% down payment. The property's strategic location and versatile zoning make it ideal for a variety of uses, offering significant potential for future growth and appreciation. This is a rare opportunity to own a piece of Miami's vibrant commercial landscape.

Highlights

  • Prime mixed-use property in Miami's desirable Buena Vista area, near Wynwood, Design District, Downtown, and Brickell.
  • Historic 1924 building with T5-L zoning allowing retail, office, and residential uses.
  • Currently generates $5,000-$6,000 monthly rental income from existing studio and other units.
  • Includes four dedicated parking spaces plus ample street parking.
  • Offered at $1,000,000 with financing options available, including SBA loans with 10% down.

Property Details for 5501 2Nd Ave

Property type
Mixed-use properties
Year Built
1924

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8261917
Longitude
-80.1998443
5501 2Nd Ave, Miami, Florida

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5501 2Nd Ave
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