2735 Northwest 54th Street

Miami, FL 33142

Listing ID: 187610
$595,000
For Sale
  • Lot Size Acres 0.220
  • Building Sq Ft 4,120
  • Building Price per Sq Ft $144.42
  • Land Sq Ft 9,675
  • Land Price per Sq Ft $61.50
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Description

APEX Capital Realty is pleased to present the opportunity to acquire a multi-tenant retail building which sits adjacent to a signaled intersection at the highly trafficked NW 27th Avenue transit corridor. Located within a Qualified Opportunity Zone & blocks from the Brownsville METRORail Station, this property provides unique benefits for value-add in the short-term and land value in the long-term per proximity to public transit.

Property Summary

Lot Size: 9,675 Sq. Ft. (0.22 acres)

Building Size: 4,120 Sq. Ft.

Available SF: approx. 2,690 SF

Zoning: UC-MC (UC-Center Mixed-Use Corridor)

Max. Height: 12 stories

Density: 90 units per acre (19.8 on this site)

Lot Dimensions: 75? x 129? approx.

Parking: 10 spaces

ASKING PRICE: $595,000

FOR LEASE

Available Area: Approx. 2,690 SF

Existing Use: Market / Deli

Asking Price: $3,500/mo

Property Highlights

Contains two separate retail spaces both with full kitchens, the larger of the two was previously a convenience store/deli and is currently available for lease.

Located within a Qualified Opportunity Zone, just off NW 27th Ave in what is technically the Brownsville neighborhood, the property sits at the borders of the Westgate & Model City neighborhoods, and just to the north of Allapattah.

Situated along the Strategic Miami Area Rapid Transit (SMART) Corridor and only 2 blocks from the Brownsville METRORail Station to the south, and 9 blocks from the Dr. Martin Luther King Jr. Plaza METRORail Station to the north.

This site provides unique benefits toward a “Transit-Oriented Development” in the future with its height and density bonuses which are 12 stories instead of 6, and 90 units per acre instead of 60. Also allows for a 50% reduction in required parking.

This property can be sold to an owner-user looking to occupy the remaining square footage and benefit from the income from the second tenant, or an investor looking for a value-add or future development opportunity to maximize on the continuing growth of the surrounding area over time.

Listing Demographics

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 Population20,484237,552643,485
Population Median Age354041
Population by Age0-9 Yrs3150 (15%)28963 (12%)68031 (10%)
10-19 Yrs3232 (15%)26655 (11%)63738 (9%)
20-29 Yrs2925 (14%)31919 (13%)88804 (13%)
30-39 Yrs2294 (11%)31767 (13%)94098 (14%)
40-49 Yrs2793 (13%)33480 (14%)92167 (14%)
50-59 Yrs2611 (12%)33243 (13%)90169 (14%)
60-69 Yrs1987 (9%)24168 (10%)66646 (10%)
70+ Yrs1492 (7%)27355 (11%)79832 (12%)
Median HH Income$23,826$28,492$33,107
Total Household Income< 24K3328 (52%)34005 (44%)86662 (39%)
25-49K1626 (25%)21044 (27%)57646 (26%)
50-74K779 (12%)10814 (14%)31762 (14%)
75-99K340 (5%)4692 (6%)16761 (7%)
100-199K298 (4%)4580 (6%)20203 (9%)
200K+27 (0%)588 (0%)5895 (2%)
Highest Education LevelNo Diploma365551668126600
Diploma or GED466960083153525
Some College21352246563371
Assoc. Degree7471072635009
Bachelors Degree10651557661915
Higher Degree450639730711
Total Housing Units7,30983,084245,277
--Owner-Occupied2,08124,28573,518
--Renter-Occupied4,31751,438145,411
Owner-Occupied Values< 100K59948939859
100-199K999892520634
200-299K327643119868
300-399K95240210773
400-499K07074986
500K+619287398
Total Working Age Population15,374192,432537,715
In Work Force8,795109,246318,848
Not In Work Force6,58083,186218,867
Workforce Employed7,30599,025294,443
Workforce Unemployed1,48910,18024,297
Civlian Workforce8,795109,205318,740
Military Workforce041108
Total Households6,39875,722218,929
Family Households3,88647,643132,548
Non-Family Households2,51128,07986,381
Married Couple1,48422,78472,818
Other Family2,40224,86059,729
Married w/Child6538,32725,842
Single Male w/Child1781,7025,266
Single Female w/Child1,0789,27619,717

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

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.

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