300 2Nd AveMiami, FL 33130
- Hospitality properties
- 406,000 SF
Property Details for 300 2Nd Ave
- Year built
- 1982
- Property size (Sq ft)
- 406,000 SF
- Zone code
- 6401:COMMERCIAL
- Property type
- Hospitality properties
- Property subtype
- Hotels
- APN
- 01-3137-022-0030
- APU
- 131370220030
Description
This exceptional 4,266 square foot Class A retail or restaurant space is available for lease in Downtown Miami's vibrant urban core. Located at 300 SW 2nd Ave, this new construction space boasts a dedicated 5,000 square foot covered patio, perfect for outdoor dining or retail displays. The property is situated at the base of the Modera Riverside, a 428-unit high-rise residential building, ensuring a built-in customer base. With a walk score of 92 and a transit score of 100, this location offers unparalleled accessibility for pedestrians and public transportation users. The space is ideal for a single tenant and features a total of 4,266 square feet, all of which is currently vacant. The building underwent renovations in 2024, ensuring modern amenities and a contemporary aesthetic. Located in Miami-Dade County, within the Downtown Miami submarket, this property presents a unique opportunity to establish a thriving business in one of South Florida's most dynamic and desirable locations. Divisions of the space may be considered. The property is situated in a highly pedestrian and transit-friendly area, making it easily accessible to a large potential customer base. This is a single-tenant space, offering complete control and flexibility for the lessee.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $398,147,776
- 6.5%
- $367,521,024
- 7%
- $341,269,536
-
Comparable approach
- Method
- Valuation
- Relative Method
- $365,286,720
- Geo Method
- $365,286,720
-
Alternative Use
- Use
- Valuation
- Residential
- $401,226,176
- Hospitality
- $367,521,024
- Educational
- $305,773,184
- Medical
- $316,289,184
- Retail
- $475,647,168
Location Insight
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.7707
- Longitude
- -80.1905
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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