90 54Th StMiami, FL 33137

Property Details for 90 54Th St

Year built

1983

Construction

CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

4,406 SF

Zone code

6101

Property type

Retail residential properties

APN

01-3124-010-0010

APU

131240100010

Description

This exceptional mixed-use property, located at 90 NE 54th Street in Miami, Florida, presents a compelling investment opportunity. Boasting 4,406 square feet on a 4,800 square foot lot, this 1983-built building is zoned T5-O and offers significant flexibility. Currently configured as two ground-floor retail units, the property also includes a private, gated parking lot, a rare amenity in this vibrant area. The second floor is currently ready for renovation, presenting an ideal opportunity to create a boutique office space to capitalize on the growing demand in this rapidly developing neighborhood. Its strategic location between Buena Vista, the Design District, and Little River provides exceptional visibility and accessibility. The property is currently income-producing, without the encumbrance of long-term leases, allowing for immediate cash flow and the potential for increased revenue through lease adjustments or renovations. The building's layout allows for single or multi-tenant occupancy, catering to a diverse range of potential uses. This is a rare chance to acquire a value-add property in a high-growth area of Miami, offering significant upside potential for savvy investors. The asking price is $1,950,000. The property's zip code is 33137.

• CAP approach

  CAP return

  Valuation

  6%

  $3,544,586

  6.5%

  $3,271,925

  7%

  $3,038,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,614,666

  Geo Method

  $2,614,666

• Alternative Use

  Use

  Valuation

  Residential

  $3,271,925

  Hospitality

  $2,997,066

  Educational

  $2,493,524

  Medical

  $2,579,280

  Retail

  $3,878,814

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8251

Longitude

-80.194

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].