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501 NE 31st St - Paraiso Bayviews CU-1

6,628 SF Office/Retail Condo Unit Offered at $5,250,000 in Miami, FL 33137

Investment Highlights

  • Waterfront view with easy access to the Interstate 195
  • Wrap around floor to ceiling windows, 15 feet
  • New Construction in Luxury Tower
  • Nestled in a densely populated area.
  • Unique Retail Location

Executive Summary

Introducing an Exclusive Retail Space for Lease Exceptional opportunity to establish a gourmet casual restaurant the vibrant locale of Paraiso on the bay. Originally procured for the launch of a specialty market cafe/wine bistro, this prime area complemented by a charming outdoor seating area.

Data Room Click Here to Access

Property Facts

Price $5,250,000
Unit Size 6,628 SF
No. Units 1
Total Building Size 750,620 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Sale Type Investment or Owner User
Building Class A
Floors 44
Typical Floor Size 12,703 SF
Year Built 2018
Lot Size 1.61 AC
Sale Conditions Building in Shell Condition

1 Unit Available

Unit 5

Unit Size 6,628 SF
Price $5,250,000
Price Per SF $792.09
Condo Use Office/Retail
Sale Type Investment or Owner User
No. Parking Spaces 12
Sale Conditions Building in Shell Condition
APN/Parcel ID 01-3230-096-0010
Description

Introducing a one-of-a-kind retail opportunity at Paraiso Bayviews Condominiums, featuring 6,500 Sq/ft of two floors, 1st floor 3,000 sq/ft and 3,500 Sq/ft floor with private lobby / elevator. Located in the vibrant heart of Edgewater. Situated within the highly sought-after Paraiso District, this commercial condo space presents an exceptional investment prospect. With a prime location and a thriving community, this property is poised to capitalize on the bustling energy of Miami's most popular neighborhoods.

 The Paraiso District boasts four brand-new luxury buildings, offering a mix of residential and commercial spaces. Notably, all residential units within the district have been sold, ensuring a constant flow of potential customers right at your doorstep. This captive audience of discerning residents presents a lucrative customer base, ready to embrace the convenience and luxury of on-site retail.

Currently undergoing renovations to create a high-end grocer market/cafe on the ground floor and a second-floor retail/office space with a private lobby entrance and elevator. This project offers the option to be sold as the ongoing development or as-is, providing flexibility for potential buyers. Don't miss the chance to capitalize on this prime commercial space in the heart of Edgewater.

Sale Notes

Introducing a one-of-a-kind retail opportunity at Paraiso Bayviews Condominiums, featuring 6,500 Sq/ft of two floors, 1st floor 3,000 sq/ft and 3,500 Sq/ft floor with private lobby / elevator. Located in the vibrant heart of Edgewater. Situated within the highly sought-after Paraiso District, this commercial condo space presents an exceptional investment prospect. With a prime location and a thriving community, this property is poised to capitalize on the bustling energy of Miami's most popular neighborhoods.

Other
Other
1st floor - layout 2 spaces
2nd floor - lay out 3 spaces
View Photo Other
View Photo Other
View Photo 1st floor - layout 2 spaces
View Photo 2nd floor - lay out 3 spaces

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 288 - 736
2+2 100 - 1,055
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (70)
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.®

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Double Vanities
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Den
  • Island Kitchen
  • Office
  • Pantry
  • Wet Bar
  • Window Coverings
  • Floor to Ceiling Windows

Site Amenities

  • 24 Hour Access
  • Business Center
  • Controlled Access
  • Clubhouse
  • Concierge
  • Fitness Center
  • Playground
  • Pool
  • Sauna
  • Spa
  • Tennis Court
  • Waterfront
  • Gated
  • Grill
  • Media Center/Movie Theatre
  • Bicycle Storage
  • Dock
  • Elevator
  • Lounge
  • Sundeck

zoning

Zoning Code 4604 (Heavy Business)
4604 (Heavy Business)
  • Listing ID: 29441676

  • Date on Market: 9/5/2023

  • Last Updated:

  • Address: 501 NE 31st St, Miami, FL 33137

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