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18250 NW 2nd Ave

5,635 SF 100% Leased Retail Building Miami, FL 33169 $2,850,000 ($506/SF) 5.16% Cap Rate

Investment Highlights

  • Strategic corner location
  • Signalized Intersection
  • Mixed-Use Potential
  • Ample Parking

Executive Summary

Introducing 18250 NW 2nd Ave, a prime commercial property situated on a highly visible corner lot at a signalized intersection. This versatile space offers an exceptional opportunity for businesses seeking a strategic location in Miami. Mixed-Use potential, the property features retail space on the ground floor, perfect for attracting foot traffic, alongside well-appointed office spaces for professional services. Strategic Corner Location benefitting from high traffic visibility and easy access, making it an ideal spot for retail and office use. Convenient on-site parking enhances accessibility for both retail customers and office employees. Vibrant community situated in a bustling neighborhood with nearby amenities, including shopping centers and restaurants ensuring a steady flow of potential clientele.
This property presents a unique opportunity for investors or business owners looking to capitalize on Miami’s dynamic market. Don’t miss the chance to make this prime commercial space your own!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,635 SF
Building Class
C
Year Built
1986
Price
$2,850,000
Price Per SF
$506
Cap Rate
5.16%
NOI
$147,060
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.22 AC
Zoning
6500 COMMERCIAL
Parking
24 Spaces (2.48 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage
  • Wheelchair Accessible
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Educational Services
  • -
  • -
  • -

Essential School of Nursing's mission is to nurture awareness and compassion for a troubled world and to challenge students to promote human dignity and respect throughout their lives; to provide a high-quality, learner-centered education that prepares graduates to meet the health care needs of a diverse population in a variety of dynamic community environments, in South Florida, specifically and throughout the US, generally. Essential School of Nursing is committed to prepare health care workers for an array of careers, the institution insists on the highest ethics and standards for all students. Through their academic years, their students acquire the depth and breadth of knowledge, competence in skills, ability to think rationally and to communicate with precision and style.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Educational Services - - -
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
19,064
191,913
519,321
1,175,530
2029 Population
18,429
188,313
512,056
1,164,121
2024-2029 Projected Population Growth
-3.3%
-1.9%
-1.4%
-1.0%
Median Age
38.6
38.6
39.8
41.6
College Degree + Higher
20%
20%
22%
17%
Daytime Employees
13,856
62,073
204,785
516,787
Total Businesses
1,966
9,336
29,666
83,017
Average Household Income
$63,343
$66,513
$70,664
$76,486
Median Household Income
$49,878
$51,398
$51,450
$54,622
Total Consumer Spending
$150.5M
$1.6B
$4.7B
$11.6B
2024 Households
5,985
62,916
178,590
426,111
Average Home Value
$276,242
$318,114
$348,083
$397,416

Nearby Major Retailers

Checkers
Bank of America
Miami Grill
BankUnited
Presidente Supermarket
Golden Krust
Waffle House
Chili's Grill & Bar
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-2112-002-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$758,459
  • Listing ID: 25429443

  • Date on Market: 4/8/2022

  • Last Updated:

  • Address: 18250 NW 2nd Ave, Miami, FL 33169

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