45-47 NE 36th St - Freestanding FOR SALE


Miami, FL 33137
$7,450,000 USD
844-774-0785
45-47 NE 36th St, Miami, FL for Sale
$7,450,000 USD
Freestanding - FOR SALE
1/37
null | 6.18% Cap Rate

45-47 NE 36th St
Miami, FL 33137


HIGHLIGHTS

  • 45-47 NE 36th Steet is a freestanding corner retail property in the Miami Design District and Midtown Miami.
  • 8,710 square feet of fully occupied retail/office space can be vacated in whole or in part for an owner/user.
  • Property may be re-leased, providing a value-add and market-adjusted returns for an irreplaceable location and property.
  • Opportunity for an owner/user or investor with a near-term possession date, with leases expiring in 2025 to 2026.
  • Strategically located opposite the Shops at Midtown Miami, tenants enjoy the area's incredible accessibility, parking, and visibility to over 30K VPD.
  • With access to major highways and Miami's top communities, the property presents an investment opportunity amidst ongoing urban infill developments.

OVERVIEW

45-47 NE 36th Street presents a distinguished two-story freestanding corner retail property in Miami's thriving Midtown district. This prime location boasts an 8,710-square-foot building on a 4,356-square-foot lot, offering visibility and accessibility. Currently fully occupied, the ground floor hosts a retail tenant, while the remaining first and second floors accommodate an owner/user office, ensuring steady income streams and operational flexibility should the owner/user or investor wish to re-lease at market rates. Strategically positioned on the north side of NE 36th Street, directly opposite the Shops at Midtown Miami, this property benefits from high foot traffic and visibility from major national tenants such as Target, West Elm, and Home Goods. With leases expiring in 2025-2026, it presents a compelling opportunity for an owner/user seeking near-term possession. The property features 10 parking spaces in an adjacent lot, which is a desirable amenity in this bustling urban environment, in addition to surplus overflow parking across the street at the Midtown Garages. Accessibility is a core advantage, with immediate access to Interstates 195 and 95 and Biscayne Boulevard, linking the Design District, Midtown, and Wynwood neighborhoods. The property holds promising upside potential amid ongoing developments in the area, including luxury residential towers and commercial ventures. Beyond its strategic business appeal, the location offers an enviable lifestyle within Miami's dynamic live-work-play community. Miami Design District is regarded as one of the most important and prestigious high streets in the country, with the top retail brands in the world, in addition to fine dining and lifestyle amenities such as gyms and wellness. Midtown Miami, also adjacent, is celebrated for its walkability, boasting a mix of upscale rentals, diverse dining options, and trendy retail establishments. Just 10 minutes from Miami Beach and within convenient reach of Miami International Airport (MIA) and Fort Lauderdale-Hollywood International Airport (FLL).

FOR SALE DETAILS

PRICE

$7,450,000 USD

PRICE/SF

$855 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Design District/Midtown Freestanding Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

T6-12-O

APN/PARCEL ID

01-3124-026-0260

ASK ABOUT THIS PROPERTY

Tony ArellanoDWNTWN Realty AdvisorsMore Info
844-774-0785

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Tony ArellanoDWNTWN Realty AdvisorsMore Info
844-774-0785

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