Office Space
128 Northeast 1st Avenue Miami, FL 33132
Details & Description
Price: $5,500,000
    Marcus & Millichap is pleased to exclusively offer the sale of 128 NE 1st Avenue, Miami, FL 33132. The property consists of a 3-Story Retail/Of?ce building, with a gross leasable area totaling 12,585 square feet and a lot size of 5,000 square feet. This property presents a unique opportunity for both an investor and owner-user to acquire an asset in the heart of Downtown Miami, Florida. The property is within short walking distance to Downtown Miami’s major of?ce buildings, dining and nightlife spots, and cultural attractions, offering the ability to cater to business and leisure-oriented travelers. The subject property is located just off the intersection of NE 1st Avenue & NE 1st Street. It has approximately 50 feet of frontage along NE 1st Avenue, giving it easy visibility and curb appeal, with vehicular traf?c counts amounting to an average of 14,000 vehicles per day. Downtown is beginning to emerge as the next trendy neighborhood. With the amount of undergoing development projects, influx of new residents and rising rental rates, this site is a prime opportunity to capitalize as Downtown continues to evolve and flourish. The area consists of a total population of 235,609 within a 3-mile radius and walking distance to multiple rail stations, which offers rail access throughout Miami-Dade County. Brightline's future expansion will stretch all the way to Orlando, FL, completely changing the way people travel to and shop in downtown Miami. Additionally, the property is zoned as T6-80-O, which permits the construction of up to 80 stories, presenting the investor with the opportunity for future highest and best use development.
    Property Highlights
    Listing Agents
    Jonathan De La Rosa

    O: 786-522-7027
    jonathan.delarosa@marcusmillichap.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.

    128 Northeast 1st Avenue

    Miami, FL 33132

    Listing ID: 275394
    • 128 Northeast 1st Avenue Miami, FL 33132 | for Sale | Photo 1
    • 128 Northeast 1st Avenue Miami, FL 33132 | for Sale | Photo 2
    128 Northeast 1st Avenue | for Sale | Thumbnail 1
    128 Northeast 1st Avenue | for Sale | Thumbnail 2
    Building Size: 12,585 SF
    Lot Size: 0.110 AC
    Land Size: 4,791 SF
    Building $/SF: $437.03
    Land $/SF: $999.00
    Price
    $5,500,000
    Property Highlights
    3-Story Adaptive Reuse Opportunity
    In the Heart of Downtown Miami off of 1st 1st
    Just Minutes from Brightline and MetroMover Rail stations
    T6-80-O Zoning Allowing Up to 80 Stories
    Month-to-Month Tenants
    Close Access to US-1 I-95
    Description

    Marcus & Millichap is pleased to exclusively offer the sale of 128 NE 1st Avenue, Miami, FL 33132. The property consists of a 3-Story Retail/Of?ce building, with a gross leasable area totaling 12,585 square feet and a lot size of 5,000 square feet. This property presents a unique opportunity for both an investor and owner-user to acquire an asset in the heart of Downtown Miami, Florida. The property is within short walking distance to Downtown Miami’s major of?ce buildings, dining and nightlife spots, and cultural attractions, offering the ability to cater to business and leisure-oriented travelers. The subject property is located just off the intersection of NE 1st Avenue & NE 1st Street. It has approximately 50 feet of frontage along NE 1st Avenue, giving it easy visibility and curb appeal, with vehicular traf?c counts amounting to an average of 14,000 vehicles per day. Downtown is beginning to emerge as the next trendy neighborhood. With the amount of undergoing development projects, influx of new residents and rising rental rates, this site is a prime opportunity to capitalize as Downtown continues to evolve and flourish. The area consists of a total population of 235,609 within a 3-mile radius and walking distance to multiple rail stations, which offers rail access throughout Miami-Dade County. Brightline's future expansion will stretch all the way to Orlando, FL, completely changing the way people travel to and shop in downtown Miami. Additionally, the property is zoned as T6-80-O, which permits the construction of up to 80 stories, presenting the investor with the opportunity for future highest and best use development.

    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 Office Space for Sale

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    Miami Area Market Trends

    Listing Demographics for 128 Northeast 1st Avenue Miami, FL 33132

    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 Population66,867372,349676,418
    Population Median Age384041
    Population by Age0-9 Yrs6346 (9%)40430 (10%)73563 (10%)
    10-19 Yrs3421 (5%)26392 (7%)53852 (7%)
    20-29 Yrs11890 (17%)48145 (12%)85456 (12%)
    30-39 Yrs16289 (24%)80994 (21%)127393 (18%)
    40-49 Yrs10725 (16%)57237 (15%)101236 (14%)
    50-59 Yrs7876 (11%)46795 (12%)87543 (12%)
    60-69 Yrs5995 (8%)35654 (9%)68511 (10%)
    70+ Yrs4325 (6%)36701 (9%)78865 (11%)
    Median HH Income$71,218$59,719$52,968
    Total Household Income< 24K8157 (24%)44222 (26%)84219 (28%)
    25-49K4937 (14%)28374 (17%)55554 (19%)
    50-74K4350 (12%)23385 (14%)40878 (14%)
    75-99K3985 (11%)19257 (11%)30163 (10%)
    100-199K7651 (22%)29737 (17%)46310 (15%)
    200K+4506 (13%)21633 (12%)33706 (11%)
    Highest Education LevelNo Diploma52704196683365
    Diploma or GED815755823112546
    Some College61423231162065
    Assoc. Degree32331821936114
    Bachelors Degree1527972808120947
    Higher Degree1570768658102207
    Total Housing Units46,273217,841379,654
    --Owner-Occupied8,41350,19497,495
    --Renter-Occupied25,173116,414193,336
    Owner-Occupied Values< 100K58535376556
    100-199K36827579153
    200-299K19921063719810
    300-399K1139652412961
    400-499K104557929686
    500K+32842094739329
    Total Working Age Population58,106314,273567,507
    In Work Force41,666213,265371,280
    Not In Work Force16,439101,008196,228
    Workforce Employed39,837202,424351,043
    Workforce Unemployed1,76310,53419,826
    Civlian Workforce41,599212,958370,868
    Military Workforce67307411
    Total Households33,585166,609290,831
    Family Households13,79978,965144,968
    Non-Family Households19,78687,644145,863
    Married Couple9,70454,25595,258
    Other Family4,09524,71049,709
    Married w/Child3,03420,37834,360
    Single Male w/Child4323,0584,716
    Single Female w/Child1,2657,90516,581

    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
    Monroe County79,589-873,090+174,004074,301

    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 128 Northeast 1st Avenue in Miami?
    The asking price for 128 Northeast 1st Avenue is $5,500,000
    What is the building size of this Office property in Miami, FL?
    The size of the building/unit at 128 Northeast 1st Avenue in Miami is 12,585 square feet
    How much land does the Miami, FL property at 128 Northeast 1st Avenue include?
    128 Northeast 1st Avenue in Miami includes 0.110 acres of land
    What kind of Office is the propery at 128 Northeast 1st Avenue?
    The property at 128 Northeast 1st Avenue Miami, FL 33132 is listed as a Professional Office property
    What is the population within 1 mile of 128 Northeast 1st Avenue in Miami?
    The population within 1 mile of 128 Northeast 1st Avenue Miami, FL 33132 is 66,867 people.
    Who do I contact for questions about 128 Northeast 1st Avenue?
    You should contact the listing agent, Jonathan De La Rosa, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Miami International Airport (MIA) 6
    Fort Lauderdale Hollywood International Airport (FLL) 21
    Palm Beach International Airport (PBI) 63