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Design District/Midtown Freestanding Building 45-47 NE 36th St
8,710 SF 100% Leased Retail Building Miami, FL 33137 $7,450,000 USD ($855 USD/SF) 6.18% Cap Rate
Investment Highlights
- 45-47 NE 36th Steet is a freestanding corner retail property in the Miami Design District and Midtown Miami.
- Property may be re-leased, providing a value-add and market-adjusted returns for an irreplaceable location and property.
- Strategically located opposite the Shops at Midtown Miami, tenants enjoy the area's incredible accessibility, parking, and visibility to over 30K VPD.
- 8,710 square feet of fully occupied retail/office space can be vacated in whole or in part for an owner/user.
- Opportunity for an owner/user or investor with a near-term possession date, with leases expiring in 2025 to 2026.
- With access to major highways and Miami's top communities, the property presents an investment opportunity amidst ongoing urban infill developments.
Executive Summary
45-47 NE 36th Street presents a distinguished two-story freestanding corner retail property in Miami's thriving Midtown district. This prime location boasts an 8,710-square-foot building on a 4,356-square-foot lot, offering visibility and accessibility. Currently fully occupied, the ground floor hosts a retail tenant, while the remaining first and second floors accommodate an owner/user office, ensuring steady income streams and operational flexibility should the owner/user or investor wish to re-lease at market rates.
Strategically positioned on the north side of NE 36th Street, directly opposite the Shops at Midtown Miami, this property benefits from high foot traffic and visibility from major national tenants such as Target, West Elm, and Home Goods. With leases expiring in 2025-2026, it presents a compelling opportunity for an owner/user seeking near-term possession. The property features 10 parking spaces in an adjacent lot, which is a desirable amenity in this bustling urban environment, in addition to surplus overflow parking across the street at the Midtown Garages.
Accessibility is a core advantage, with immediate access to Interstates 195 and 95 and Biscayne Boulevard, linking the Design District, Midtown, and Wynwood neighborhoods. The property holds promising upside potential amid ongoing developments in the area, including luxury residential towers and commercial ventures.
Beyond its strategic business appeal, the location offers an enviable lifestyle within Miami's dynamic live-work-play community. Miami Design District is regarded as one of the most important and prestigious high streets in the country, with the top retail brands in the world, in addition to fine dining and lifestyle amenities such as gyms and wellness. Midtown Miami, also adjacent, is celebrated for its walkability, boasting a mix of upscale rentals, diverse dining options, and trendy retail establishments. Just 10 minutes from Miami Beach and within convenient reach of Miami International Airport (MIA) and Fort Lauderdale-Hollywood International Airport (FLL).
Strategically positioned on the north side of NE 36th Street, directly opposite the Shops at Midtown Miami, this property benefits from high foot traffic and visibility from major national tenants such as Target, West Elm, and Home Goods. With leases expiring in 2025-2026, it presents a compelling opportunity for an owner/user seeking near-term possession. The property features 10 parking spaces in an adjacent lot, which is a desirable amenity in this bustling urban environment, in addition to surplus overflow parking across the street at the Midtown Garages.
Accessibility is a core advantage, with immediate access to Interstates 195 and 95 and Biscayne Boulevard, linking the Design District, Midtown, and Wynwood neighborhoods. The property holds promising upside potential amid ongoing developments in the area, including luxury residential towers and commercial ventures.
Beyond its strategic business appeal, the location offers an enviable lifestyle within Miami's dynamic live-work-play community. Miami Design District is regarded as one of the most important and prestigious high streets in the country, with the top retail brands in the world, in addition to fine dining and lifestyle amenities such as gyms and wellness. Midtown Miami, also adjacent, is celebrated for its walkability, boasting a mix of upscale rentals, diverse dining options, and trendy retail establishments. Just 10 minutes from Miami Beach and within convenient reach of Miami International Airport (MIA) and Fort Lauderdale-Hollywood International Airport (FLL).
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,710 SF
Building Class
C
Year Built/Renovated
1934/1954
Price
$7,450,000 USD
Price Per SF
$855 USD
Cap Rate
6.18%
NOI
$460,410 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.10 AC
Zoning
T6-12-O - Retail and Commercial
Parking
10 Spaces (1.15 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Freeway Visibility
Space Availability
- Space
- Size
- Space Use
- Position
- Available
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the leasing of 45-47 NE 36th Street in Midtown, Miami. With 1,740 square feet on the ground floor currently available, the two-story freestanding corner retail property totals 8,710 square feet on a 4,356-square-foot lot, with a prime location in Miami's thriving Midtown district.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,740 SF | Retail | End Cap | 30 Days |
1st Floor
| Size |
| 1,740 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
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1st Floor
| Size | 1,740 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the leasing of 45-47 NE 36th Street in Midtown, Miami. With 1,740 square feet on the ground floor currently available, the two-story freestanding corner retail property totals 8,710 square feet on a 4,356-square-foot lot, with a prime location in Miami's thriving Midtown district.
Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (75)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
37,191
246,463
568,311
1,026,653
2029 Population
38,103
246,316
565,153
1,015,013
2024-2029 Projected Population Growth
2.5%
-0.1%
-0.6%
-1.1%
Median Age
37.5
38.2
40.5
41.9
College Degree + Higher
43%
29%
33%
19%
Daytime Employees
25,321
171,784
355,040
725,219
Total Businesses
3,464
21,658
46,612
112,474
Average Household Income
$95,638
$72,658
$80,604
$79,314
Median Household Income
$65,162
$46,229
$52,315
$52,319
Total Consumer Spending
$456.8M
$2.4B
$6B
$10.5B
2024 Households
17,306
104,448
239,831
407,622
Average Home Value
$570,772
$513,248
$528,771
$497,541
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-3124-026-0260 | Improvements Assessment | $0 USD |
| Land Assessment | $0 USD | Total Assessment | $2,970,000 USD |
PROPERTY TAXES
Parcel Number
01-3124-026-0260
Land Assessment
$0 USD
Improvements Assessment
$0 USD
Total Assessment
$2,970,000 USD
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Design District/Midtown Freestanding Building | 45-47 NE 36th St
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