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Three-Suite Hard-Corner Retail 4200 - 4204 NW 2nd Ave
7,149 SF 17% Leased Retail Building Online Auction Sale Miami, FL 33127
Investment Highlights
- 4200-4204 NW 2nd Avenue is a 7,000-SF three-suite retail asset with one occupied unit, presenting immediate cash flow.
- Value-add southern Miami retail opportunity with an occupant to offset rental revenue to leasing momentum of the remaining space.
- Trade, international finance, healthcare, and entertainment have become major local segments.
- Within the Miami metro, specifically Miami-Dade County, a popular tourist destination with recent developments over the past years.
- Miami metro has no local, corporate, or personal income taxes, which attract businesses and residents to the area.
Executive Summary
4200-4204 NW 2nd Avenue's placement in the Wynwood Norte neighborhood showcases affordable housing options and a strong quality of life. The Wynwood Community Enhancement Association has confirmed the goal of the up-and-coming district is to improve the quality of life at a time when out-of-town developers are planning and building new mixed-use projects. The area is full of eclectic restaurants, bars, and retailers.
Miami-Dade County is a gateway to South American and Caribbean markets, as well as a popular tourist destination in its own right. The Miami metro has a population of roughly 2.7 million and is in the heart of Miami-Dade County. Miami has over 430,000 residents, followed by Hialeah, with roughly 225,000 people. In recent years, redevelopment projects have brought more businesses and residents to the county and overall metro. Miami-Dade County also has the largest concentration of medical facilities in the state, drawing residents who need services throughout Miami.
Seize this opportunity to invest in one of the hottest retail markets in South Florida. Property tours are available by appointment only; please get in touch with the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
Miami - FL USA
Market Cap Rate
Miami - FL USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,189 rentable Sq.Ft strategically located in a Miami upcoming neighborhood, corner property on NW 2nd Ave, two blocks west from Miami Design District, and two blocks North of Wynwood. This commercial property is ideal for any business looking for a strategic location. Near primary transportation links, shopping centers, and dining options. Don’t miss this opportunity! Please contact Property Manager Jimmy Mujica for potential tenants interested at jmujica@borluv.com.
1,396 rentable Sq.Ft strategically located in a Miami upcoming neighborhood, corner property on NW 2nd Ave, two blocks west from Miami Design District, and two blocks North of Wynwood. This commercial property is ideal for any business looking for a strategic location. Near primary transportation links, shopping centers, and dining options. Don’t miss this opportunity! Currently under construction for retail use.
This is a business opportunity for a new Restaurant in this growing area. This property has 4,404 rentable Sq.Ft, strategically located in a Miami upcoming neighborhood, two blocks west from Miami Design District, and two blocks North of Wynwood. This commercial property is ideal for any business looking for a strategic location for their restaurant. It's in a construction process, complying with all City plans approved. The landlord shall hand over the Premises to Tenant substantially completed in a vanilla shell condition; new grease trap already in place. It will be a NNN lease, the rate for renting this restaurant is $42 as base rent plus $9 per sq/ft as NNN. In order to hand over the premises keys, The landlord is asking a one-time payment in the amount of $636,000.00 (“Key Money”). The Key Money shall be non-refundable.
| Space | Size | Space Use | Position | Available |
| 4200 | 1,189-1,349 SF | Office/Retail | - | Now |
| 4202 | 1,396 SF | Office/Retail | - | Now |
| 4204 | 4,404 SF | Retail | - | Now |
4200
| Size |
| 1,189-1,349 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
4202
| Size |
| 1,396 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
4204
| Size |
| 4,404 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
4200
| Size | 1,189-1,349 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
1,189 rentable Sq.Ft strategically located in a Miami upcoming neighborhood, corner property on NW 2nd Ave, two blocks west from Miami Design District, and two blocks North of Wynwood. This commercial property is ideal for any business looking for a strategic location. Near primary transportation links, shopping centers, and dining options. Don’t miss this opportunity! Please contact Property Manager Jimmy Mujica for potential tenants interested at jmujica@borluv.com.
4202
| Size | 1,396 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
1,396 rentable Sq.Ft strategically located in a Miami upcoming neighborhood, corner property on NW 2nd Ave, two blocks west from Miami Design District, and two blocks North of Wynwood. This commercial property is ideal for any business looking for a strategic location. Near primary transportation links, shopping centers, and dining options. Don’t miss this opportunity! Currently under construction for retail use.
4204
| Size | 4,404 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This is a business opportunity for a new Restaurant in this growing area. This property has 4,404 rentable Sq.Ft, strategically located in a Miami upcoming neighborhood, two blocks west from Miami Design District, and two blocks North of Wynwood. This commercial property is ideal for any business looking for a strategic location for their restaurant. It's in a construction process, complying with all City plans approved. The landlord shall hand over the Premises to Tenant substantially completed in a vanilla shell condition; new grease trap already in place. It will be a NNN lease, the rate for renting this restaurant is $42 as base rent plus $9 per sq/ft as NNN. In order to hand over the premises keys, The landlord is asking a one-time payment in the amount of $636,000.00 (“Key Money”). The Key Money shall be non-refundable.
About Wynwood-Design District
Wynwood’s local population continues to expand, with residents attracted to the area’s live/work/play experience, which has drawn in many of Miami’s young professionals and high-earners. About 2,000 high-end apartment units have been built in Wynwood since 2015 and even more are under construction. Altogether there are about 5,000 apartment units within one mile of central Wynwood. Daytime traffic is robust with local office inventory expanding by more than 50% over the past 10 years.
The Wynwood area of downtown Miami is among the city’s most distinct cultural districts. In addition to the arts, Wynwood is home to a great restaurant, bar, and club scene. It is surrounded by the Wynwood Walls, which are covered by distinctive giant murals that change the area’s face when they are lit at night. Art-related businesses are the largest original tenants in Wynwood.
Wynwood’s local population continues to expand, with residents attracted to the area’s live/work/play experience, which has drawn in many of Miami’s young professionals and high-earners. About 2,000 high-end apartment units have been built in Wynwood since 2015 and even more are under construction. Altogether there are about 5,000 apartment units within one mile of central Wynwood. Daytime traffic is robust with local office inventory expanding by more than 50% over the past 10 years.
DEMOGRAPHICS
Demographics
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3124-019-1400 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,221,333 |
PROPERTY TAXES
Sale Advisors
Sale Advisors
Alex Zylberglait, Executive Managing Director Investments CCIM, SIOR
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Michael Crocchiola, Senior Associate
About the Auction Platform
Auction Contact
-
Alex Zylberglait -
Michael Crocchiola -
Marcus & Millichap
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Three-Suite Hard-Corner Retail | 4200 - 4204 NW 2nd Ave
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