150 SE 2nd Ave - Office/Residential CONDO FOR SALE
Miami, FL 33131 |
$2,500,000 USD
786-202-3303
150 SE 2nd Ave
Miami, FL 33131
HIGHLIGHTS
- USPS-Leased Retail Storefront – Secure, long-term income from a federally backed tenant, ensuring low investment risk.
- Prime Downtown Miami Location – Located in the prestigious Chase Building, surrounded by high-end retail, corporate offices, and luxury residences.
- Strong Financial Performance – $143,000 in annual gross income ($113,000 from USPS + $30,000 from storage tenants) with 8% rent escalations at each 5-
- Attractive 5.16% Cap Rate – Based on net operating income after landlord CAM, insurance, and tax responsibilities.
- Partial NNN Lease Structure – Tenant covers property taxes, insurance, CAM, maintenance, and utilities, reducing landlord expenses.
- Additional Income Potential – 1,492 SF leased storage space generates $2,500/month ($30,000 annually), with an opportunity to convert into higher-rent
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$716 USD /SF
CAP RATE
5.16%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
USPS-leased retail in Miami’s Chase Building
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
140,000 SF
STORIES
14
BUILDING CLASS
A
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.11 AC
LAND SF
4,792 SF
ZONING
T6-80-O-URBAN CORE ZONE
APN/PARCEL ID
01-4138-159-0001,01-4138-159-0420,01-4138-159-0590,01-4138-159-0680
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786-202-3303
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786-202-3303
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