Premier Retail - Paraiso Bay
$5,400,000
501 Northeast 31st Street, Miami, FL 33137
1
Cap Rate
54,000
NOI
Details:
Highlights:
- Massive Double-Height Exposure: Command immediate street presence with a full-height glass façade featuring the largest, highly visible commercial glass frontages in the building and sub-market.
- The Ultimate Bi-Level Layout: Spanning 7,108 SF across Two beautifully fluid levels (3,554 SF per floor). Seamlessly connect high-traffic customer zones, retail markets, or open-concept co-working lounges on the ground floor with quiet executive suites, private treatment rooms, Or administrative office support functions upstairs.
- Premium Infrastructure Ready: Fully optimized for immediate operational needs, equipped with a hard-to-find grease trap capabilities alongside a highly desirable outdoor terrace dening perfect for a restaurant, specialty cafe counter, or members-only events.
Description:
ONE Sotheby's International Realty is pleased to present a rare ground-floor retail opportunity in the heart of Edgewater, one of Miami's fastest-growing neighborhoods. Set within the luxury Paraiso Bayviews development along the bay, the space sits among a dense cluster of high-rise residential towers that bring a steady, built-in customer base right to the door. It's the kind of
location where foot traffic isn't something you have to chase.
Getting anywhere from here is easy. The I-195 interchange is just up the street, putting the Design District, Wynwood, Miami Beach, and Downtown all within a few minutes' drive, and Biscayne Boulevard runs right alongside as the area's main north-south route. That central position works for both the neighbors who'll stop in daily and the visitors coming from across the city.
There's plenty nearby to pull people into the area, too —the Institute of Contemporary Art and the Design District sit just to the north, with the
Paradox Museum a short walk away. As Edgewater keeps growing and the surrounding arts and retail districts stay busy, this is a spot with real visibility
and room to grow alongside the neighborhood.
Location
Gallery