1525 3Rd AveMiami, FL 33136

Property Details for 1525 3Rd Ave

Year built

1941

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

2,880 SF

Zone code

6101

Property type

Office properties

Property subtype

Office buildings

APN

01-3136-021-0911

APU

131360210911

Description

This exceptional Miami retail property, located at 1525 NW 3rd Ave, offers a compelling investment opportunity. The 2,800 square foot building, classified as Class B, boasts a strong 100% occupancy rate with a current lease in place. The single-tenant lease is a NNN (Net, Net, Net) agreement, meaning the tenant is responsible for most operating expenses, minimizing landlord responsibilities. The asking price is $2,000,000, representing a 4.00% capitalization rate. Originally constructed in 1941 as the City Club Building, the property underwent a complete renovation in 2017. Comprehensive plans and closed permits from this renovation are readily available for review. The current lease agreement covers 1400 square feet of net leasable retail space, featuring central air conditioning. The initial annual rent is $30,000 ($2,500/month), with a 5% annual increase built into the lease for the next two or three years. The building is a two-story structure situated in Miami, Florida, within Miami-Dade County, and uses zip code 33136. This property presents a rare chance to acquire a well-maintained, high-performing retail asset in a desirable Miami location. The strong tenant occupancy and lease terms, combined with the recent renovation, make this an attractive investment for discerning buyers seeking stable income and potential appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $2,486,544

  6.5%

  $2,295,271

  7%

  $2,131,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,102,637

  Geo Method

  $1,102,637

• Alternative Use

  Use

  Valuation

  Residential

  $2,846,136

  Hospitality

  $2,607,046

  Educational

  $2,169,032

  Medical

  $2,243,628

  Retail

  $3,374,049

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.79

Longitude

-80.1998

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].