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2500 Biscayne Blvd - Miami NNN Retail Investment
13,243 SF Retail Condo Unit Offered at $14,200,000 USD in Miami, FL 33137
Investment Highlights
- Ground-floor retail space with three credit tenants totaling 13,243 SF in Miami's Edgewater District, boasting full occupancy with triple-net leases.
- With 45 dedicated parking spaces and proximity to key neighborhoods, tenants enjoy access to Downtown, Wynwood, the Design District, and Miami Beach.
- Benefit from 40,000 daily vehicle impressions, offering unparalleled corner-to-corner visibility for retail businesses along Biscayne Boulevard.
- Positioned at the heart of Edgewater's urban retail renaissance, it is a pivotal investment opportunity in Miami's dynamic commercial market.
Property Facts
| Price | $14,200,000 USD | Building Class | B |
| Unit Size | 13,243 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 13,243 SF |
| Total Building Size | 13,243 SF | Year Built | 2017 |
| Property Type | Retail (Condo) | Lot Size | 0.40 AC |
| Property Subtype | Storefront | Opportunity Zone |
Yes
|
| Sale Type | Investment NNN |
| Price | $14,200,000 USD |
| Unit Size | 13,243 SF |
| No. Units | 1 |
| Total Building Size | 13,243 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment NNN |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 13,243 SF |
| Year Built | 2017 |
| Lot Size | 0.40 AC |
| Opportunity Zone |
Yes |
1 Unit Available
Unit Retail
| Unit Size | 13,243 SF | Sale Type | Investment |
| Price | $14,200,000 USD | Cap Rate | 6.00% |
| Price Per SF | $1,072.26 USD | NOI | $852,000 USD |
| Condo Use | Retail | No. Parking Spaces | 45 |
| Unit Size | 13,243 SF |
| Price | $14,200,000 USD |
| Price Per SF | $1,072.26 USD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $852,000 USD |
| No. Parking Spaces | 45 |
Description
The retail condo features a double corner on Biscayne Boulevard and ample dedicated parking with direct access to the retail. It is located on the west side of the highly trafficked Biscayne Boulevard, with over 40,000 daily car traffic.
Sale Notes
2500 Biscayne Boulevard introduces an exceptional investment opportunity in Miami's vibrant Edgewater District, presenting three units and 13,243 square feet of premier ground-floor retail space for sale. This contemporary property, completed in 2017, features Wynwood Bay, a 156-residential unit locale, contributing to the dynamic atmosphere of the ground-floor retail units. Currently 100% occupied under fully triple-net (NNN) leases, the retail spaces boast credit-worthy tenants Mount Sinai, an integrated health system, Rice Mediterranean Kitchen, and Amerant, Florida's largest community bank. Strategically positioned as a double-corner, block-to-block establishment along bustling Biscayne Boulevard, the property showcases exceptional visibility, with over 40,000 vehicles passing daily.
Convenience is paramount, with 45 dedicated parking spaces spanning the ground and second floors, ensuring seamless access for patrons and tenants. Access to the building is outstanding as the retail area is cross-blocked with a signaled intersection. The north and southbound lanes provide unobstructed left and right turns. In addition, east and westbound traffic can easily turn in and park. Miami's Edgewater District is an enclave known for its thriving urban retail scene and strategic transit connections. The property benefits from its proximity to significant neighborhoods like Downtown Miami to the South, Wynwood, Midtown to the West, and the Design District to the North. Residents and visitors enjoy swift access to Miami Beach via Interstate 195, enhancing the property's allure as a hub of activity and convenience.
The recent surge in development spotlights Edgewater's allure, complemented by its panoramic views and strategic location, merely 5 minutes from Wynwood and the Miami Design District, 7 minutes from South Beach, and a swift 20-minute drive to Miami International Airport. 2500 Biscayne Boulevard represents a prime opportunity for discerning investors seeking a cornerstone in Miami's bustling commercial landscape.
Nearby Major Retailers
![[Solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[Solidcore]")
zoning
| Zoning Code | T6-36A-O (Urban Core) |
| T6-36A-O (Urban Core) |
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2500 Biscayne Blvd - Miami NNN Retail Investment
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