Miami, FL

3430 N Miami Ave, Miami FL 33127

$6,499,000

Key Details

Status
Active
Property Type
Retail

Overview

Unique investment opportunity to purchase a storefront commercial/retail property in a prime location within the Midtown/Wynwood area. The subject is a 2-story building, boasting a total of 4,502 sq. ft. of rentable/living area. This space breaks down to 2,562 sq. ft. on the ground level and 1,940 sq. ft. on the upper tier. Additionally, the property offers an on-site gated parking area, accommodating eight marked spaces and furnished with three bathrooms. Set on a lot size of 5,976 sq. ft., this property has the potential to house a new construction, with a maximum building height of 75 feet and no constraints on the number of stories. Currently zoned as T5-O for GENERAL COMMERCIAL USE. Refurbished in 2021, passed 40-year certification. annual average daily traffic (AADT) of 15,800.

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