300 2Nd AveMiami, FL 33130

  • Hospitality properties
  • 406,000 SF
For Lease

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
300 2Nd Ave, Miami, Florida

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

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
$1,295,904
-
-
$65,100,000
-
-
-
$65,100,000

FAQs

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