2500 Biscayne Blvd Miami, FL 33137

$14,200,000
$14,200,000

Overview

This retail condominium offers a unique double-corner location on the bustling Biscayne Boulevard, complete with extensive dedicated parking and direct access to the retail space. Situated on the west side of Biscayne Boulevard, which sees over 40,000 vehicles daily, the property is ideally positioned for high visibility and accessibility.
Investment Highlights
2500 Biscayne Boulevard presents a rare investment opportunity in the heart of Miami’s dynamic Edgewater District, featuring three units within 13,243 square feet of premier ground-floor retail space. Completed in 2017, this contemporary property is anchored by Wynwood Bay, a residential community with 156 units, creating a lively atmosphere for the retail tenants below. The property is currently fully occupied under triple-net (NNN) leases with reputable tenants, including Mount Sinai, Rice Mediterranean Kitchen, and Amerant, Florida’s largest community bank. The building’s strategic position as a double-corner, block-to-block property on Biscayne Boulevard ensures exceptional visibility, reinforced by the daily passage of over 40,000 vehicles.
Patron and tenant convenience is enhanced by 45 dedicated parking spaces spread across the ground and second floors, providing effortless access. The retail space is optimally located with cross-block signalized intersections allowing smooth entry from all directions, whether approaching from the north, south, east, or west. Nestled within the thriving Edgewater District, the property is surrounded by some of Miami’s most prominent neighborhoods, including Downtown Miami, Wynwood, Midtown, and the Design District. Its proximity to major thoroughfares and rapid access to Miami Beach via Interstate 195 further underscore its prime location.
Edgewater’s ongoing development boom has only heightened the area’s appeal, underscored by stunning views and a strategic location. Just 5 minutes from Wynwood and the Design District, 7 minutes from South Beach, and 20 minutes from Miami International Airport, 2500 Biscayne Boulevard offers an outstanding opportunity for investors looking to secure a foothold in Miami’s thriving commercial real estate market.
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Details

  • Building area (sqft)::
    13243 sqft
  • Price ($):
    $14,200,000
  • Year built:
    2017
  • Cap Rate:
    6.00%
  • Single Asset