3501 Northwest 2nd Avenue

Miami, FL 33127

Listing ID: 187627

$3,495,000

For Sale

Lot Size Acres 0.218
Building Sq Ft 3,900
Building Price per Sq Ft $896.15
Land Sq Ft 9,499
Land Price per Sq Ft $367.93

3501 Northwest 2nd Avenue Miami, FL 33127 - main image

3501 Northwest 2nd Avenue Miami, FL 33127 - alt image 2

3501 Northwest 2nd Avenue Miami, FL 33127 - alt image 3

Description

Prime Midtown/Wynwood site for sale. Offering is composed of a 3,900 SF single story building that is currently leased to City Electric Supply Company allowing an investor to generate income on the property and later redevelop it into its highest and best use. Zoning allows commercial, office, hotel and multifamily uses. This represents an opportunity to build a project to up to 38,000 +/- SF with 14 residential units or 28 micro units plus retail. The property is located at the intersection of Wynwood, Midtown, and The Design District.

Attachments & Files

offeringmemorandumli-XEo-RRj.pdf

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 Population		30,102	249,110	569,908
Population Median Age		37	38	40
Population by Age	0-9 Yrs	3418 (11%)	29664 (11%)	62285 (10%)
	10-19 Yrs	3254 (10%)	25581 (10%)	53720 (9%)
	20-29 Yrs	4911 (16%)	37798 (15%)	81774 (14%)
	30-39 Yrs	5208 (17%)	43233 (17%)	93119 (16%)
	40-49 Yrs	4395 (14%)	34587 (13%)	81845 (14%)
	50-59 Yrs	3767 (12%)	31629 (12%)	76785 (13%)
	60-69 Yrs	2806 (9%)	22999 (9%)	57280 (10%)
	70+ Yrs	2343 (7%)	23619 (9%)	63099 (11%)

Median HH Income		$43,037	$31,579	$38,100
Total Household Income	< 24K	3069 (31%)	39356 (42%)	76258 (35%)
	25-49K	2539 (25%)	22614 (24%)	51457 (24%)
	50-74K	1790 (18%)	12545 (13%)	30895 (14%)
	75-99K	862 (8%)	6662 (7%)	18482 (8%)
	100-199K	1340 (13%)	8465 (9%)	24647 (11%)
	200K+	248 (2%)	3409 (3%)	11873 (5%)

Highest Education Level	No Diploma	4669	47306	94947
	Diploma or GED	6152	53954	121041
	Some College	3339	23652	56549
	Assoc. Degree	1529	11843	29131
	Bachelors Degree	3689	25688	70525
	Higher Degree	2002	14931	46157

Total Housing Units		11,344	110,813	261,907
--Owner-Occupied		2,719	20,920	68,965
--Renter-Occupied		7,130	72,130	144,648
Owner-Occupied Values	< 100K	378	3631	7607
	100-199K	778	5300	14633
	200-299K	699	4325	15303
	300-399K	352	2299	10061
	400-499K	135	1343	6011
	500K+	377	4021	15350

Total Working Age Population		24,523	204,004	475,198
In Work Force		16,028	123,052	295,769
Not In Work Force		8,495	80,952	179,429
Workforce Employed		14,616	111,812	273,993
Workforce Unemployed		1,412	11,165	21,540
Civlian Workforce		16,028	122,977	295,533
Military Workforce		0	75	236

Total Households		9,849	93,050	213,613
Family Households		5,559	48,024	115,845
Non-Family Households		4,290	45,026	97,767
Married Couple		2,688	24,311	66,672
Other Family		2,871	23,714	49,173
Married w/Child		1,183	9,301	24,657
Single Male w/Child		189	1,847	4,328
Single Female w/Child		982	9,109	16,698

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Miami-Dade County	2,253,362	+11	2,496,435	+15	2,861,579	+11	3,190,242

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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.