2824 5Th AveMiami, FL 33127

Property Details for 2824 5Th Ave

Year built

1972

Property size (Sq ft)

13,028 SF

Property type

Industrial properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8032

Longitude

-80.2036

FAQs

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