90 NE 54th St - Storefront Retail/Residential FOR SALE


Miami, FL 33137
$1,850,000 USD
609-226-6390
90 NE 54th St, Miami, FL for Sale
$1,850,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | Request Cap Rate

90 NE 54th St
Miami, FL 33137


HIGHLIGHTS

  • Flexibility for single or multi-tenant occupancy
  • Private, gated parking lot
  • Key location between urban core neighborhoods of Buena Vista, Design District, Little Haiti and Little River
  • Diversified in-place income on short-term leases
  • Future re-development potential in growth market
  • Value-add potential to renovate 2nd floor for office tenants, or entire building for an end-user

OVERVIEW

The Alpha Commercial is pleased to present a unique opportunity with this multi-tenant corner building located along the highly accessible NE 54 Street corridor. The property is ideal for an investment-minded owner-user, offering the flexibility to occupy part or all of the space while generating income from the remaining units. Its prime location near key urban neighborhoods such as Buena Vista, the Design District, and Greater Little River contribute to strong rental demand and competitive rates in the area. The ground floor features 2 independent retail units with private, gated parking lot. The second floor offers significant versatility, with potential to convert the space into office, showroom, or additional retail, maximizing its use. With T5-O zoning, the property supports a wide variety of future uses, including retail, office, mixed-use, multi-family, and even hotel development, making it an excellent investment for long-term growth. Owner is willing to do seller-financing at the following approximate terms: 35% down, interest only w/5 year balloon at 7-8% interest.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

T5-O

APN/PARCEL ID

01-3124-010-0010

ASK ABOUT THIS PROPERTY

Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

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Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

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