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NW 7th Ave Flex Space 5619-5621 NW 7th Ave 1,700 SF Vacant Retail Building Miami, FL 33127 $1,100,000 ($647.06/SF)
INVESTMENT HIGHLIGHTS
- Owner-User Office or Retail - Currently split into two units of +/- 850 SF.
- Parking for approximately 8+ cars onsite behind the building.
- High traffic location in an actively revitalizing neighborhood on NW 7th Ave.
- Situated in Opportunity Zone in Liberty City between Allapattah, Wynwood and Little River
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively to arrange the sale of 5621 NW 7th Ave in Liberty City, next to Miami’s most talked about neighborhoods of Wynwood and Little River.
This 1,700 SF retail/office building on a 7,000 SF lot presents an excellent investment opportunity in a vibrant location on a major thoroughfare. The property could be used for retail, professional offices, flex storage, art galleries and much more under the flexible T6-8-Open liberal commercial zoning.
The property’s strategic position offers high visibility, heavy traffic, and proximity to vibrant local culture, catering to the increasing demand for urban retail and office space. Ongoing urban infill development and infrastructure enhancements in the area, property values are poised to continue growing, making this an attractive option for investors seeking returns in a dynamic market.
This 1,700 SF retail/office building on a 7,000 SF lot presents an excellent investment opportunity in a vibrant location on a major thoroughfare. The property could be used for retail, professional offices, flex storage, art galleries and much more under the flexible T6-8-Open liberal commercial zoning.
The property’s strategic position offers high visibility, heavy traffic, and proximity to vibrant local culture, catering to the increasing demand for urban retail and office space. Ongoing urban infill development and infrastructure enhancements in the area, property values are poised to continue growing, making this an attractive option for investors seeking returns in a dynamic market.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,700 SF
Building Class
C
Year Built
1948
Price
$1,100,000
Price Per SF
$647.06
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
T6-8-open - T6-8-O Allows Liberal Commercial Uses and 8-Story Redevelopment By Right
Parking
8 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
99’ on NW 7th Ave
AMENITIES
- Bus Line
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $400,726 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$400,726
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NW 7th Ave Flex Space | 5619-5621 NW 7th Ave
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