Retail Space
5955 Northeast 2nd Avenue Miami, FL 33137
Details & Description
Price: $1,550,000
    This is a unique opportunity to purchase a building for $313.13 PSF, perform a full renovation which has been estimated at $70 PSF, then lease it for $25-30 NNN PSF. This strategy would yield attractive returns between 6% - 7%. The building can also be subdivided into smaller spaces and features a large parking area. Additional public parking is available on NE 59 ST. The building is an excellent option for an investor or owner user looking to establish their business in this emerging neighborhood, located within an Opportunity Zone which would allow a tenant or user a possibility to defer capital gains taxes through the investment of an Opportunity Fund, which also eliminates capital gains taxes on a future sale if held for 10 years.
    Listing Agents
    Andres Nava

    O: 305-571-9991
    anava@metro1.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5955 Northeast 2nd Avenue

    Miami, FL 33137

    Listing ID: 147519
    • 5955 Northeast 2nd Avenue Miami, FL 33137 | for Sale | Photo 1
    • 5955 Northeast 2nd Avenue Miami, FL 33137 | for Sale | Photo 2
    5955 Northeast 2nd Avenue | for Sale | Thumbnail 1
    5955 Northeast 2nd Avenue | for Sale | Thumbnail 2
    Building Size: 4,950 SF
    Lot Size: 0.170 AC
    Land Size: 7,405 SF
    Building $/SF: $313.13
    Land $/SF: $209.31
    Price
    $1,550,000
    Description
    This is a unique opportunity to purchase a building for $313.13 PSF, perform a full renovation which has been estimated at $70 PSF, then lease it for $25-30 NNN PSF. This strategy would yield attractive returns between 6% - 7%. The building can also be subdivided into smaller spaces and features a large parking area. Additional public parking is available on NE 59 ST. The building is an excellent option for an investor or owner user looking to establish their business in this emerging neighborhood, located within an Opportunity Zone which would allow a tenant or user a possibility to defer capital gains taxes through the investment of an Opportunity Fund, which also eliminates capital gains taxes on a future sale if held for 10 years.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Miami History of Retail Space for Sale

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    Miami Area Market Trends

    Listing Demographics for 5955 Northeast 2nd Avenue Miami, FL 33137

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population27,638186,491574,130
    Population Median Age383839
    Population by Age0-9 Yrs3511 (12%)24056 (12%)64774 (11%)
    10-19 Yrs2904 (10%)20725 (11%)57554 (10%)
    20-29 Yrs4579 (16%)27620 (14%)83846 (14%)
    30-39 Yrs4159 (15%)29867 (16%)93550 (16%)
    40-49 Yrs3857 (13%)25835 (13%)82092 (14%)
    50-59 Yrs3049 (11%)24345 (13%)77416 (13%)
    60-69 Yrs2643 (9%)17604 (9%)57438 (10%)
    70+ Yrs2936 (10%)16439 (8%)57460 (10%)
    Median HH Income$27,180$36,229$38,310
    Total Household Income< 24K4656 (48%)25359 (38%)74504 (35%)
    25-49K2384 (24%)15977 (24%)51980 (24%)
    50-74K1282 (13%)9657 (14%)31347 (14%)
    75-99K573 (5%)5272 (7%)18596 (8%)
    100-199K534 (5%)7061 (10%)23683 (11%)
    200K+265 (2%)2846 (4%)10636 (5%)
    Highest Education LevelNo Diploma51183025396009
    Diploma or GED600237449120001
    Some College30841964158370
    Assoc. Degree14161021231264
    Bachelors Degree24912025766848
    Higher Degree7671125443045
    Total Housing Units10,93177,415261,496
    --Owner-Occupied1,96620,56769,153
    --Renter-Occupied7,72745,604141,594
    Owner-Occupied Values< 100K32934208799
    100-199K571491217138
    200-299K419388115337
    300-399K23024768337
    400-499K8115214967
    500K+336435714574
    Total Working Age Population22,369149,779475,101
    In Work Force13,49592,078298,634
    Not In Work Force8,87457,701176,467
    Workforce Employed11,79182,346275,664
    Workforce Unemployed1,7049,72622,647
    Civlian Workforce13,49592,072298,312
    Military Workforce06323
    Total Households9,69466,171210,747
    Family Households5,24036,288115,575
    Non-Family Households4,45329,88395,172
    Married Couple2,11117,77865,023
    Other Family3,13018,51050,552
    Married w/Child8166,98923,991
    Single Male w/Child1981,4484,682
    Single Female w/Child1,0987,11417,584

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5955 Northeast 2nd Avenue in Miami?
    The asking price for 5955 Northeast 2nd Avenue is $1,550,000
    What is the building size of this Retail property in Miami, FL?
    The size of the building/unit at 5955 Northeast 2nd Avenue in Miami is 4,950 square feet
    How much land does the Miami, FL property at 5955 Northeast 2nd Avenue include?
    5955 Northeast 2nd Avenue in Miami includes 0.170 acres of land
    What kind of Retail is the propery at 5955 Northeast 2nd Avenue?
    The property at 5955 Northeast 2nd Avenue Miami, FL 33137 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 5955 Northeast 2nd Avenue in Miami?
    The population within 1 mile of 5955 Northeast 2nd Avenue Miami, FL 33137 is 27,638 people.
    Who do I contact for questions about 5955 Northeast 2nd Avenue?
    You should contact the listing agent, Andres Nava, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    6310 Northeast 2nd Avenue, Miami, FL $3,350,000 13000 0.44
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    1 Northwest 62nd Street, Miami, FL CALL 3404 0.21
    6500 Northeast 2nd Avenue, Miami, FL $1,750,000 5387 0.17
    5101 Biscayne Boulevard, Miami, FL CALL 6960 0.25
    5401 Northwest 2nd Avenue, Miami, FL $2,400,000 10340 0.43
    5300 Northwest 2nd Avenue, Miami, FL $2,600,000 6652 0.46
    240 Northwest 54th Street, Miami, FL $949,999 2178 0.31
    7416 Biscayne Boulevard, Miami, FL $1,950,000 2980 0.17
    12 Northeast 41st Street, Miami, FL CALL 4000 0.25

    Closest Commercial Airports

    Airport Distance (mi)
    Miami International Airport (MIA) 7
    Fort Lauderdale Hollywood International Airport (FLL) 17
    Palm Beach International Airport (PBI) 59