2509 Miami AveMiami, FL 33127

Property Details for 2509 Miami Ave

Year built

1925

Construction

CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

9,547 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office properties

Property subtype

Office buildings

APN

01-3125-010-0020

APU

131250100020

Description

This exceptional 2,461-square-foot creative office space is available for sublease in the vibrant Wynwood neighborhood of Miami, Florida. Located at 2509 N Miami Ave, Suite 204 of The Print Shop, this single-tenant space is part of a completely renovated Class A building, offering high-end, open lofts perfect for a modern business. The building, a former printing press, boasts a prime location on North Miami Avenue, a major thoroughfare connecting Miami's urban core. Wynwood's walkability is a key advantage, with easy access to numerous restaurants and shops. A ground-floor restaurant adds further convenience. This thriving area is experiencing significant growth, with 28 current development projects encompassing over 3,200 residential units, nearly 200 hotel rooms, over 660,000 square feet of office space, and over 360,000 square feet of retail space. The building itself is a 21,509 square foot building with elevator access. This sublease opportunity provides a unique blend of historical charm and modern amenities in one of Miami's most dynamic and sought-after locations. The space is ideal for businesses seeking a creative and inspiring work environment in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,242,720

  6.5%

  $7,608,665

  7%

  $7,065,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,655,164

  Geo Method

  $3,655,164

• Alternative Use

  Use

  Valuation

  Residential

  $9,434,745

  Hospitality

  $8,642,175

  Educational

  $7,190,188

  Medical

  $7,437,470

  Retail

  $11,184,738

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8012

Longitude

-80.1945

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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