Retail Vacant/ User

Description:

Marcus & Millichap is pleased to exclusively offer the sale of 128 NE 1st Avenue, Miami, FL 33132. The property consists of a 3-Story Retail/Of?ce building, with a gross leasable area totaling 12,585 square feet and a lot size of 5,000 square feet. This property presents a unique opportunity for both an investor and owner-user to acquire an asset in the heart of Downtown Miami, Florida. The property is within short walking distance to Downtown Miami’s major of?ce buildings, dining and nightlife spots, and cultural attractions, offering the ability to cater to business and leisure-oriented travelers. The subject property is located just off the intersection of NE 1st Avenue & NE 1st Street. It has approximately 50 feet of frontage along NE 1st Avenue, giving it easy visibility and curb appeal, with vehicular traf?c counts amounting to an average of 14,000 vehicles per day.
Downtown is beginning to emerge as the next trendy neighborhood. With the amount of undergoing development projects, influx of new residents and rising rental rates, this site is a prime opportunity to capitalize as Downtown continues to evolve and flourish.


The area consists of a total population of 235,609 within a 3-mile radius and walking distance to multiple rail stations, which offers rail access throughout Miami-Dade County. Brightline's future expansion will stretch all the way to Orlando, FL, completely changing the way people travel to and shop in downtown Miami.
Additionally, the property is zoned as T6-80-O, which permits the construction of up to 80 stories, presenting the investor with the opportunity for future highest and best use development.





3-Story Adaptive Reuse Opportunity
In the Heart of Downtown Miami off of 1st & 1st
Just Minutes from Brightline and MetroMover Rail stations
T6-80-O Zoning Allowing Up to 80 Stories
Month-to-Month Tenants
Close Access to US-1 & I-95