8163 NE 2nd Ave $7,750,000


    8163 NE 2nd Ave Miami, FL 33138

    • 10,000 sq. ft.
    • 0.41 Acres
    • Commercial
    • MLS# A11153429
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    Views: 11 Days On Site: 135

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    Property Details

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    10,000 SF of commercial property located in the upcoming Little River neighborhood. Situated on a beautiful corner lot of 17,000 SF zoned T6-8-0 with building rights of up to 14 floors. Property completely leased out at an average $38/SF NNN agreements with potential upside in rent prices up to $45/SF NNN. Proforma Net operating income (NOI) $374k a year (5% CAP). Diversified and dynamic mix of tenants including a bakery, office, medspa, gallery, fitness center, and retail. Property is within Opportunity Zone. Over $2.5Million equity in renovation and development invested in the project. Modern design with 24 ft ceilings, private garden, and adjacent parking lot with 19 spots. Near the Citadel food market, shops, galleries, and many new trendy restaurants.

    • General Features
      • Waterfront Y/N false
      • Year Built 1947
      • Association Y/N false
      • Private Pool Y/N false
      • Senior Community Y/N false
    • Building Features
      • Building Area Total 10000



    33138 (Miami) Demographics

    39 Median Age
    4,524 Population Density (per sq. mile)
    49% College Educated
    $50,863 Estimated Median Income
    5,733 Estimated Total Home Owners
    6,320 Estimated Total Renters
    48% / 52% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    29,163 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $700,000 Median Sales Price
    31 Homes Sold
    79 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $7,750,000
        5/13/2022 4:09:06 PM Price Increased Source: Multiple Listing Service New Value: $7,750,000 3.33%
        2/15/2022 12:08:00 PM New in Database Source: Multiple Listing Service New Value: $7,500,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.