2400 2Nd AveMiami, FL 33137

Property Details for 2400 2Nd Ave

Year built

1932

Construction

CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

7,473 SF

Zone code

6110:COMM/RES-DESIGN DIST

Property type

Office properties

Property subtype

Office buildings

APN

01-3125-009-0280

APU

131250090280

Description

This exceptional 2,870-square-foot retail space is ideally situated on a prime corner lot in Miami's vibrant Edgewater neighborhood. Boasting significant pedestrian traffic and excellent frontage on 2nd Avenue, this single-tenant property presents a unique opportunity for businesses seeking high visibility and accessibility. The property is classified as both retail and office space, suitable for a variety of uses, including traditional office and medical office settings. Six dedicated parking spaces are available in a private lot, providing ample convenience for clients and employees. The property's exterior offers flexibility, with the possibility of customizing the facade paint to match a business's branding. Located at 2400 NE 2nd Ave, Miami, FL 33137, this property offers a compelling combination of location, size, and adaptability, making it an ideal investment for discerning businesses seeking a prominent presence in a thriving Miami neighborhood. The property's versatility allows for a range of uses, catering to businesses seeking a high-traffic location with convenient parking. The potential for exterior customization further enhances the property's appeal, allowing for a unique and branded storefront.

• CAP approach

  CAP return

  Valuation

  6%

  $6,452,064

  6.5%

  $5,955,751

  7%

  $5,530,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,861,113

  Geo Method

  $2,861,113

• Alternative Use

  Use

  Valuation

  Residential

  $7,385,131

  Hospitality

  $6,764,740

  Educational

  $5,628,184

  Medical

  $5,821,746

  Retail

  $8,754,954

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8002

Longitude

-80.1912

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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