4200 2Nd AveMiami, FL 33127

Property Details for 4200 2Nd Ave

Lot size

0.12 AC

Zone code

4801:RESID-LIMITED RETAIL

Property type

Retail properties

Property subtype

Parking lots & garages

APN

01-3124-024-0930

APU

131240240930

Description

This exceptional three-bay retail property, totaling 7,149 square feet, is situated on a 10,965 square foot lot in Miami's vibrant Wynwood neighborhood. Built in 1957 and extensively renovated in 2024, this Class B property offers a compelling value-add investment opportunity. The property features three units, with one bay fully leased, providing immediate cash flow. A second, recently completed 1,400 square foot bay is actively being marketed for lease. The third, approximately 4,400 square foot bay, is ideally suited for a full-service restaurant and lounge, with submitted city plans awaiting approval. Located in the desirable Wynwood Norte area, this property benefits from its proximity to major retailers, the Design District, public transportation, and major thoroughfares. The property is zoned T4-L - Miami21, and is offered as a fee simple ownership with a triple net (NNN) lease type. This investment presents a rare chance to capitalize on the sustained growth and high demand within this dynamic South Florida market, offering the potential for long-term, stable cash flow and significant capital appreciation. The property is part of an auction scheduled for December 16th-18th. This is a prime opportunity to acquire a well-positioned retail asset in one of Miami's most sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $4,863,924

  6.5%

  $4,489,776

  7%

  $4,169,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,920,516

  Geo Method

  $4,920,516

• Alternative Use

  Use

  Valuation

  Residential

  $3,787,294

  Hospitality

  $3,469,141

  Educational

  $2,886,284

  Medical

  $2,985,548

  Retail

  $4,489,776

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8151

Longitude

-80.1917

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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