51 28Th StMiami, FL 33127

  • Commercial land
  • 0.48 AC
For Lease
$80/SF/YR View listing

Property Details for 51 28Th St

Lot size
0.48 AC
Zone code
6101
Property type
Commercial land
APN
01-3125-028-1040
APU
131250281040

Description

This exceptional Class A retail opportunity is located within the vibrant i5 Wynwood development at 51 NW 28th Street in Miami-Dade County's Wynwood submarket. The property offers a total of 3,852 square feet of retail space, divided into three suites within an eight-story building. Currently, 1,113 square feet are vacant, offering flexible leasing options ranging from a minimum of 888 square feet to a maximum contiguous space of 2,159 square feet. Ideal for retail or restaurant use, this space benefits from high visibility and foot traffic due to its location at the entrance to Wynwood, a thriving hub for art, creativity, and a growing number of tech and finance companies. The building itself is a mixed-use development featuring 63 residential units, ensuring a consistent flow of potential customers. The property boasts convenient access and is situated near other notable mixed-use projects such as Wynwood Walk, Wynwood Green, Wynwood 29, Wyn 27, Wyn 28, and Diesel Wynwood. The building includes elevators for easy access to all floors. This presents a unique chance to establish a presence in one of Miami's most dynamic and sought-after neighborhoods. Don't miss this opportunity to secure a prime retail space in the heart of Wynwood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $20,456,606
    Hospitality
    $18,738,142
    Educational
    $15,589,913
    Medical
    $16,126,074
    Retail
    $24,250,976

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.8033
Longitude
-80.196
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$140,798
$7,245,000
-
$7,245,000
-
$7,245,000
-
$7,245,000

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