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Condo with Panoramic Bay Views | Along I-195 601 NE 36th St

8,168 SF Office/Retail Condo Unit Online Auction Sale Miami, FL 33137

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Virtual Tour

INVESTMENT HIGHLIGHTS

  • Enticing three-story waterfront condo located on the third through fifth levels totaling 8,168 SF in the beautiful Blue on the Bay building in Miami.
  • Ideal mixed-use opportunity for corporate headquarters, medical practices, retail, creative studios, or live/work lofts.
  • Exceptionally positioned with desirable proximity to popular destinations such as the Miami Design District, Wynwood Arts District, and Midtown.
  • Optimally situated with building signage opportunity in the attractive Edgewater neighborhood with ideal visibility along I-195 to over 97,200 VPD.
  • Building features premier amenities, including a concierge, valet service, a full-sized gym, two pools, natural lighting, and reserved parking spaces.
  • Accessible location within a five-minute walking distance of numerous public transportation bus stops and 6.5 miles from Miami International Airport.

EXECUTIVE SUMMARY

With captivating views of Biscayne Bay and Miami Beach, this mixed-use opportunity condo includes on-site secured covered parking and is located in the renowned glass-curtained Blue on the Bay in the heart of Miami, Florida. 601 NE 36th Street features dramatic ceiling heights and stunning panoramic views of Biscayne Bay and Miami Beach, serving as the premier space for a future headquarters location, retail, medical office or live/work opportunity. The building features sought-after amenities, including a newly renovated lobby, concierge, valet service, a full-sized gymnasium, two pools, and four designated parking spaces for the condo unit, with additional spaces available though valet. Unit CU-2 is a three-story condominium ranging from the third and fifth levels totaling 8,168 square feet with the ability to be partitioned into smaller spaces as potential rental units. This asset is primed for diversified businesses from medical practices to creative studios, an art gallery, or live/work, allowing tailored customization to accommodate many business needs. Building signage opportunity is available outside of the unit with significant visibility along Interstate 195/Florida State Road 112 in front of 97,273 vehicles per day. 601 NE 36th Street is exceptionally situated in Miami’s thriving Edgewater neighborhood right outside of the Miami Design District, with immediate proximity to Wynwood and Midtown, placing a business at the center of the city’s cultural and commercial pulse. The Design District is dedicated to innovative fashion, design, architecture, and dining experiences, while similarly, Wynwood Arts District is home to over 70 galleries, art galleries, retail stores, and antique shops and has one of the largest open-air street-art installations in the world. Midtown’s urban design is reminiscent of New York’s SoHo district and is home to some of Miami’s trendiest restaurants, and its shops give residents a convenient lifestyle. Midblock, in the heart soul of Midtown, is a pedestrian-based neighborhood where modern architecture intersects with a vibrant city culture. 601 NE 36th Street benefits from its convenient location in several ways, including its 10-minute proximity to the Miami International Airport (MIA). The property’s preferable position places it at a 1-mile drive to the Interstate 95 and Interstate 195 interchange, providing seamless connectivity in each cardinal direction. Also, within this 1-mile radius are numerous conveniences comprising nearby retailers and eateries perfect for a quick lunch pickup or end-of-workday errands at Target, Trader Joe’s, Publix, Starbucks, Dunkin’, McDonald’s, Taco Bell, CVS, Smoothie King, and many more. Multiple public transportation bus stops are available along Biscayne Boulevard, providing future tenants with an easy five- to six-minute walking commute to and from the building. This condominium serves as an incredible acquisition for a creative investor or a driven owner/user to position themselves in one of Miami’s hotspots. Unit CU-2 is available along with unit CU-1 on the first and second floors, featuring 6,302 square feet in an additional Ten-X listing for an investor or owner/user seeking to acquire a total of 14,470-square-foot footprint in the pristine Blue on the Bay asset. Property tours are available by appointment only. Please contact the broker to schedule.

OFFERING MEMORANDUM Click Here to Access

DATA ROOM Click Here to Access

PROPERTY FACTS

Unit Size 8,168 SF
No. Units 1
Total Building Size 1,185,905 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Sale Type Investment
Building Class A
Floors 37
Typical Floor Size 32,051 SF
Year Built 2005
Lot Size 1.91 AC
Sale Condition Auction Sale
Type of Ownership Fee Simple

1 UNIT AVAILABLE

Unit CU-2

Unit Size 8,168 SF
Condo Use Office/Retail
Sale Type Investment
APN/Parcel ID 01-3219-047-3320
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (74)
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
  • Storage Space
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • Business Center
  • Clubhouse
  • Concierge
  • Fitness Center
  • Playground
  • Pool
  • Security System
  • Spa
  • Doorman
  • Gameroom
  • Grill
  • Media Center/Movie Theatre
  • Pet Play Area
  • Bicycle Storage
  • Elevator
  • Lounge

ZONING

Zoning Code T6-24 (Mixed-Use)
T6-24 (Mixed-Use)

SALE ADVISORS

SALE ADVISORS

(305) 397-8012 x3
Contact
Aaron Butler, President and CEO
(305) 397-8012 x3
Contact
Aaron J. Butler is the founder and Chief Executive Officer of AVENUE. Headquartered in Miami Beach, AVENUE is at the forefront of retail real estate. Aaron has more than 15 years of experience in commercial real estate and has personally been involved in over $1 billion in transactions. AVENUE has established itself as a market leader in the competitive South Florida real estate market. AVENUE and Aaron have developed the market knowledge and relationships to deliver unrivaled service in landlord and tenant representation, ground up construction, leasing, sales and market analysis. During his career, Aaron has spearheaded the transformation of the high street retail markets in Miami, including South Beach’s Lincoln Road, Collins Avenue, Midtown, Design District, Wynwood, Downtown, Brickell, Coconut Grove and South Miami.
Aaron has worked with the nation’s top retailers and restaurant groups, including CVS Pharmacy, Soul Cycle, Equinox, Blink Fitness, Uniqlo, Scotch and Soda, Custo Barcelona, WeWork, Sprint, Coltorti, Waterworks, JP Morgan Chase, Rosa Mexicano, Sugar Factory, Toca Madera Group, PACHA Group, Sushi Samba Group, Serendipity, Meininger Hotels, Opium Group, Anthony’s Coal Fired Pizza, Salsa Fiesta and Baires Restaurant Group. Aaron has also served as representative for an extensive list of prestigious developers, landlords and institutions for their real estate interests, including Tristar Capital, RFR Realty, Wynn Resorts, KBS Realty, PLC Investments, Camden Realty Trust, Time Equities, Urban Investment Advisors, Goddard Investment Group, Grouper Financial, Gideon Asset Management, Nakash Holdings and Centurion Realty. Premier mixed use and retail projects in which Aaron has been involved include 1111 Lincoln Road, 1100 Lincoln Road, 800 Lincoln Road, 647 Lincoln Road, 500 Lincoln Road, 420 Lincoln Road, 1058 Collins Avenue, 555 Washington, 728 Ocean Drive, 888 Biscayne Marina Blue, 167 NE 39th St Design District and Palmetto Bay Village Center. Prior to founding AVENUE, Aaron served as Vice President of Comras Company for three years. Comras Company is a retail leasing and development company based in Miami Beach. Prior to Comras, Aaron served as Executive Vice President of Grouper Financial, Inc., a real estate investment company with extensive real estate holdings in retail, office, industrial and residential. Aaron graduated from Pepperdine University Magna Cum Laude with degrees in Economics and Political Science and obtained his Juris Doctorate from the University of Miami School of Law. Aaron is a licensed real estate broker in the state of Florida, a licensed attorney in the state of Florida, a member of ICSC and the Urban Land Institute.

ABOUT THE AUCTION PLATFORM

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT

Sophy Cardenas
Auctioneer License:
  • Listing ID: 34522679

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: 601 NE 36th St, Miami, FL 33137

Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount Transaction Fee
$0m to < $1m 5.00% ($20,000 min)
$1m to < $3m 3.00%
$3m to < $5m 2.50%
$5m to < $10m 2.25%
$10m to < $15m 2.00%
$15m to < $25m 1.75%
$25m to < $35m 1.50%
$35M to < $45M 1.00%
$45M to < $55M 0.75%
$55M and Up 0.50%
Example Calculation
Winning Bid Amount $4,000,000 Transaction Fee $100,000 (2.5%) Total Purchase Price $4,100,000

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