2734 1St AveMiami, FL 33127

Property Details for 2734 1St Ave

Year built

2022

Construction

CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

11,286 SF

Zone code

6101

Property type

Office properties

Property subtype

Office buildings

APN

01-3125-029-0650

APU

131250290650

Description

The Onyx, a stunning two-story, 18,800-square-foot building at 2734 NW 1st Ave, Miami, FL 33127, offers exceptional office and retail opportunities. This newly constructed free-standing corner building boasts flexible spaces ranging from 3,120 to 7,890 contiguous square feet, perfect for a variety of businesses. The ground floor, with its mezzanine level, totaling 7,790 square feet, is ideally suited for retail or fitness uses, benefiting from its prime location near Wynwood's upcoming pedestrian woonerf on 1st Avenue. The second floor, also featuring a mezzanine and totaling 7,890 square feet, and a 3,120-square-foot penthouse space provide ample office space with substantial storage. This exceptional property is strategically positioned amongst several large mixed-use developments, including Wynwood 29, Artem Green, Wynd 27&28, Quarters Wynwood, and Diesel Wynwood, adding up to over 800 apartment units within a four-block radius, ensuring high visibility and foot traffic. The entire 18,800 square feet is currently vacant and available for lease as multiple tenancies. This presents a unique chance to establish a presence in a rapidly growing and vibrant Miami neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $9,744,144

  6.5%

  $8,994,595

  7%

  $8,352,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,320,958

  Geo Method

  $4,320,958

• Alternative Use

  Use

  Valuation

  Residential

  $11,153,297

  Hospitality

  $10,216,360

  Educational

  $8,499,892

  Medical

  $8,792,216

  Retail

  $13,222,054

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8027

Longitude

-80.1973

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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