2500 Biscayne Blvd - Storefront CONDO FOR SALE


Miami, FL 33137
$14,200,000 USD
646-828-1563
2500 Biscayne Blvd, Miami, FL for Sale
$14,200,000 USD
Storefront CONDO - FOR SALE
1/22
null | 6% Cap Rate

2500 Biscayne Blvd
Miami, FL 33137


HIGHLIGHTS

  • Ground-floor retail space with three credit tenants totaling 13,243 SF in Miami's Edgewater District, boasting full occupancy with triple-net leases.
  • Benefit from 40,000 daily vehicle impressions, offering unparalleled corner-to-corner visibility for retail businesses along Biscayne Boulevard.
  • With 45 dedicated parking spaces and proximity to key neighborhoods, tenants enjoy access to Downtown, Wynwood, the Design District, and Miami Beach.
  • Positioned at the heart of Edgewater's urban retail renaissance, it is a pivotal investment opportunity in Miami's dynamic commercial market.

OVERVIEW

2500 Biscayne Boulevard introduces an exceptional investment opportunity in Miami's vibrant Edgewater District, presenting three units and 13,243 square feet of premier ground-floor retail space for sale. This contemporary property, completed in 2017, features Wynwood Bay, a 156-residential unit locale, contributing to the dynamic atmosphere of the ground-floor retail units. Currently 100% occupied under fully triple-net (NNN) leases, the retail spaces boast credit-worthy tenants Mount Sinai, an integrated health system, Rice Mediterranean Kitchen, and Amerant, Florida's largest community bank. Strategically positioned as a double-corner, block-to-block establishment along bustling Biscayne Boulevard, the property showcases exceptional visibility, with over 40,000 vehicles passing daily. Convenience is paramount, with 45 dedicated parking spaces spanning the ground and second floors, ensuring seamless access for patrons and tenants. Access to the building is outstanding as the retail area is cross-blocked with a signaled intersection. The north and southbound lanes provide unobstructed left and right turns. In addition, east and westbound traffic can easily turn in and park. Miami's Edgewater District is an enclave known for its thriving urban retail scene and strategic transit connections. The property benefits from its proximity to significant neighborhoods like Downtown Miami to the South, Wynwood, Midtown to the West, and the Design District to the North. Residents and visitors enjoy swift access to Miami Beach via Interstate 195, enhancing the property's allure as a hub of activity and convenience. The recent surge in development spotlights Edgewater's allure, complemented by its panoramic views and strategic location, merely 5 minutes from Wynwood and the Miami Design District, 7 minutes from South Beach, and a swift 20-minute drive to Miami International Airport. 2500 Biscayne Boulevard represents a prime opportunity for discerning investors seeking a cornerstone in Miami's bustling commercial landscape.

FOR SALE DETAILS

PRICE

$14,200,000 USD

PRICE/SF

$1,072 USD /SF

CAP RATE

6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miami NNN Retail Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

13,243 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,335 SF

ZONING

T6-36A-O

APN/PARCEL ID

01-3230-023-0125

ASK ABOUT THIS PROPERTY

Devlin MarinoffDWNTWN Realty AdvisorsMore Info
646-828-1563

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Devlin MarinoffDWNTWN Realty AdvisorsMore Info
646-828-1563

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.