550 Northwest 1st Street

Miami, FL 33128

Listing ID: 214895

$925,000

For Sale

Property Type Industrial : Other Industrial
Lot Size Acres 6.300
Building Sq Ft 4,675
Building Price per Sq Ft $197.86
Land Sq Ft 274,428
Land Price per Sq Ft $3.37

550 Northwest 1st Street Miami, FL 33128 - main image

550 Northwest 1st Street Miami, FL 33128 - alt image 2

550 Northwest 1st Street Miami, FL 33128 - alt image 3

Description

Exceptional property in East Little Havana along the very active Miami River front and by NW 8 AV. Nearby is the Carlos Zapata designed 555 Riverhouse mixed-use project. The Miami River Walk, a 688-unit project along 6.3 acres by the river is close and J. Milton & Associates who already constructed 250 units just behind this site are proposing the Reflections: a 138 unit, 12- story building across the street from Miami River Walk. The zoning is high density at 150 units/acre allowing for 25 units by right. TOD benefits allow for parking reductions or eliminations. Many are capitalizing already and small scale developments are filling the streets in this booming segment of the neighborhood. Contact us now to participate in this venture.

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		68,883	399,522	698,639
Population Median Age		40	40	41
Population by Age	0-9 Yrs	6308 (9%)	42804 (10%)	76313 (10%)
	10-19 Yrs	4989 (7%)	29562 (7%)	56135 (8%)
	20-29 Yrs	12113 (17%)	51711 (12%)	87574 (12%)
	30-39 Yrs	14036 (20%)	82260 (20%)	129672 (18%)
	40-49 Yrs	8781 (12%)	60482 (15%)	104735 (14%)
	50-59 Yrs	8991 (13%)	50645 (12%)	91262 (13%)
	60-69 Yrs	6108 (8%)	39533 (9%)	70265 (10%)
	70+ Yrs	7556 (10%)	42524 (10%)	82683 (11%)

Median HH Income		$34,651	$54,683	$52,433
Total Household Income	< 24K	12142 (39%)	49603 (28%)	86086 (29%)
	25-49K	7006 (22%)	32056 (18%)	57522 (19%)
	50-74K	3871 (12%)	23560 (13%)	41848 (14%)
	75-99K	2904 (9%)	19248 (11%)	30542 (10%)
	100-199K	3403 (11%)	29135 (16%)	47331 (15%)
	200K+	1411 (4%)	19987 (11%)	33358 (11%)

Highest Education Level	No Diploma	12989	50152	87528
	Diploma or GED	13873	66480	118539
	Some College	6698	35820	63862
	Assoc. Degree	3121	19322	37394
	Bachelors Degree	9573	71133	123147
	Higher Degree	7115	66283	103226

Total Housing Units		37,253	221,132	380,562
--Owner-Occupied		4,313	52,980	100,319
--Renter-Occupied		26,423	120,609	196,368
Owner-Occupied Values	< 100K	322	3920	7018
	100-199K	578	4138	10173
	200-299K	896	12113	20440
	300-399K	753	7353	13416
	400-499K	550	5617	9729
	500K+	1215	19839	39545

Total Working Age Population		59,512	336,832	585,622
In Work Force		37,995	223,055	381,143
Not In Work Force		21,517	113,777	204,479
Workforce Employed		36,102	211,640	360,465
Workforce Unemployed		1,852	11,204	20,260
Civlian Workforce		37,954	222,845	380,725
Military Workforce		41	210	418

Total Households		30,736	173,588	296,688
Family Households		14,252	85,426	150,118
Non-Family Households		16,484	88,162	146,570
Married Couple		8,579	57,043	98,030
Other Family		5,672	28,383	52,088
Married w/Child		2,985	21,397	35,581
Single Male w/Child		421	3,213	4,948
Single Female w/Child		1,818	8,876	17,351

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
Monroe County	79,589	-8	73,090	+1	74,004	0	74,301

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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.