5501 2Nd AveMiami, FL 33127

Property Details for 5501 2Nd Ave

Year built

1924

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8262

Longitude

-80.1998

FAQs

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