Design District/Midtown Freestanding Building 45-47 NE 36th St 8,710 SF 100% Leased Retail Building Miami, FL 33137 $7,450,000 ($855.34/SF) 6.18% Cap Rate

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).