90 NE 54th St
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90 NE 54th St
3,467 SF 100% Leased Retail Building Miami, FL 33137 $1,850,000 ($534/SF)
Investment Highlights
- Flexibility for single or multi-tenant occupancy
- Key location between urban core neighborhoods of Buena Vista, Design District, Little Haiti and Little River
- Future re-development potential in growth market
- Private, gated parking lot
- Diversified in-place income on short-term leases
- Value-add potential to renovate 2nd floor for office tenants, or entire building for an end-user
Executive Summary
The Alpha Commercial is pleased to present a unique opportunity with this multi-tenant corner building located along the highly accessible NE 54 Street corridor. The property is ideal for an investment-minded owner-user, offering the flexibility to occupy part or all of the space while generating income from the remaining units. Its prime location near key urban neighborhoods such as Buena Vista, the Design District, and Greater Little River contribute to strong rental demand and competitive rates in the area.
The ground floor features 2 independent retail units with private, gated parking lot. The second floor offers significant versatility, with potential to convert the space into office, showroom, or additional retail, maximizing its use. With T5-O zoning, the property supports a wide variety of future uses, including retail, office, mixed-use, multi-family, and even hotel development, making it an excellent investment for long-term growth.
Owner is willing to do seller-financing at the following approximate terms: 35% down, interest only w/5 year balloon at 7-8% interest.
The ground floor features 2 independent retail units with private, gated parking lot. The second floor offers significant versatility, with potential to convert the space into office, showroom, or additional retail, maximizing its use. With T5-O zoning, the property supports a wide variety of future uses, including retail, office, mixed-use, multi-family, and even hotel development, making it an excellent investment for long-term growth.
Owner is willing to do seller-financing at the following approximate terms: 35% down, interest only w/5 year balloon at 7-8% interest.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,467 SF
Building Class
C
Year Built
1983
Price
$1,850,000
Price Per SF
$534
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
T5-O - T5-O zoning, max density 7 units, max height 5 stories, allowable uses Retail, Office, Mixed-Use, Hotel, Multi-Family & more
Parking
8 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
63 FT on NE 54th St
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3124-010-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $524,532 |
PROPERTY TAXES
Parcel Number
01-3124-010-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$524,532
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90 NE 54th St
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