PRICE REDUCED! Retail/Redevelopment/$85/SF 5235 NW 7th Ave 12,936 SF Retail Building Miami, FL 33127 £830,491 (£64.20/SF)
INVESTMENT HIGHLIGHTS
- *Prime Position: Located on NW 7th Ave, a high-traffic corridor with 24,000 daily vehicle count
- *Development Potential: Adjacent to the proposed 5,000-unit project by the Swerdlow Group
- *Convenient Access: Just minutes from I-95
- *Can be purchased in conjunction with 690 Nw 52 Street for an additional $950k(Across the street)
- *Accessibility and Connectivity to major highways and state roads
- Proximity: Near *Downtown Miami, Miami Beach, Port of Miami, Design District, Midtown, Miami International Airport, Wynwood, and the MiMo District
EXECUTIVE SUMMARY
Location Highlights:
Prime Position: Situated on NW 7th Ave, a high-traffic corridor with an impressive 24,000 daily vehicle count, ensuring maximum visibility.
Expansion Opportunity: Can be purchased in conjunction with 690 NW 52nd Street (located directly across the street) for an additional $937,000, offering significant development potential.
Strategic Location: Close to key areas such as Liberty Square and other major upcoming developments, positioning the property as a valuable asset in a rapidly evolving neighborhood.
Development Potential: Neighboring the proposed 5,000-unit mixed-use project by the Swerdlow Group, which is set to transform the area.
Accessibility and Connectivity:
Convenient Access: Just minutes from I-95, ensuring easy connectivity to Miami’s major thoroughfares and surrounding regions.
This property offers a unique combination of high visibility, strategic location, and substantial development potential, making it an ideal investment opportunity in a booming area.
*Proximity: Near Downtown Miami, Miami Beach, Port of Miami, Design District, Midtown, Miami International Airport, Wynwood, and the MiMo District
690 Nw 52 Street is not included for $937,500.00
Prime Position: Situated on NW 7th Ave, a high-traffic corridor with an impressive 24,000 daily vehicle count, ensuring maximum visibility.
Expansion Opportunity: Can be purchased in conjunction with 690 NW 52nd Street (located directly across the street) for an additional $937,000, offering significant development potential.
Strategic Location: Close to key areas such as Liberty Square and other major upcoming developments, positioning the property as a valuable asset in a rapidly evolving neighborhood.
Development Potential: Neighboring the proposed 5,000-unit mixed-use project by the Swerdlow Group, which is set to transform the area.
Accessibility and Connectivity:
Convenient Access: Just minutes from I-95, ensuring easy connectivity to Miami’s major thoroughfares and surrounding regions.
This property offers a unique combination of high visibility, strategic location, and substantial development potential, making it an ideal investment opportunity in a booming area.
*Proximity: Near Downtown Miami, Miami Beach, Port of Miami, Design District, Midtown, Miami International Airport, Wynwood, and the MiMo District
690 Nw 52 Street is not included for $937,500.00
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£32,508
|
£2.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£32,508
|
£2.51
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,936 SF
Building Class
C
Year Built
1950
Price
£830,491
Price Per SF
£64.20
Tenancy
Single
Number of Floors
1
Building FAR
0.55
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
T-5-O - Limited mixed use and multifamily residences
Covered land Play
Redevelopment Opportunity
Investor Ground Lease Opportunity
Parking
8 Spaces (0.62 Spaces per 1,000 SF Leased)
Frontage
77 ft on NW 7th Ave
AMENITIES
- Corner Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 (2024) | |
| Land Assessment | £0 (2024) | Total Assessment | £724,215 (2024) |
