Vacant-User
Downtown Miami Retail & Office Condos
140 NE 1st Ave, Miami, FL 33132
Listing Price: $3,350,000
Investment Overview
Marcus & Millichap, with exclusive representation, is pleased to present the sale of 140 NE 1st Avenue, Miami, FL 33132.
The subject property is a designated historic site, known as “The Hahn Building”, located on the hard corner of NE 1st Avenue & NE 2nd Street in the heart of downtown Miami’s Central Business District.
The sale consists of 5 out of 9 retail/office condos totaling 10,211 SF, which is 65% ownership of the total building. The available condos are 3 ground floor retail spaces with frontage along both NE 1st Avenue & NE 2nd Street, and the entire second floor, which has its own elevator.
All spaces will be delivered vacant or on Month-to-Month leases, making this deal a prime opportunity for an investor to immediately reposition the leases at market rate or for an owner-user to operate their business and create value through cash-flowing the unused retail or office spaces.
This prime location in the center downtown Miami’s Central Business District is surrounded by many ongoing developments of class-A multifamily, retail and office buildings, which will drastically enhance the immediate area and improve its walkability. Its strategic location provides close access to I-95 and all major transit routes. Additionally, the site sits minutes away from some of Miami’s densest neighborhoods such as Brickell, Little Havana, Wynwood, Edgewater and Midtown.
Downtown Miami Retail & Office Condos
Investment Highlights
- Prime Opportunity For An Immediate Reposition, Or Owner-user to Create Supplemental Income
- Office & Retail Units Consist of 65% of Total Condo Building
- 7,000+ Units Undergoing Development in Immediate Area
- Only Minutes Away Walking Distance to All Public Transit (i.e. Brightline, Metro Mover, Metro Rail, Tri-Rail & Bus Stops)
- 1 Block Away from the $30 Million Flagler Street Revitalization Project
- Adjacent To Metro Mall Which Is Undergoing A $35 Million Renovation
Exclusively Listed By
Financing By
Listing Price: $3,350,000
Investment Highlights
- Prime Opportunity For An Immediate Reposition, Or Owner-user to Create Supplemental Income
- Office & Retail Units Consist of 65% of Total Condo Building
- 7,000+ Units Undergoing Development in Immediate Area
- Only Minutes Away Walking Distance to All Public Transit (i.e. Brightline, Metro Mover, Metro Rail, Tri-Rail & Bus Stops)
- 1 Block Away from the $30 Million Flagler Street Revitalization Project
- Adjacent To Metro Mall Which Is Undergoing A $35 Million Renovation
Investment Overview
Marcus & Millichap, with exclusive representation, is pleased to present the sale of 140 NE 1st Avenue, Miami, FL 33132. The subject property is a designated historic site, known as “The Hahn Building”, located on the hard corner of NE 1st Avenue & NE 2nd Street in the heart of downtown Miami’s Central Business District. The sale consists of 5 out of 9 retail/office condos totaling 10,211 SF, which is 65% ownership of the total building. The available condos are 3 ground floor retail spaces with frontage along both NE 1st Avenue & NE 2nd Street, and the entire second floor, which has its own elevator. All spaces will be delivered vacant or on Month-to-Month leases, making this deal a prime opportunity for an investor to immediately reposition the leases at market rate or for an owner-user to operate their business and create value through cash-flowing the unused retail or office spaces. This prime location in the center downtown Miami’s Central Business District is surrounded by many ongoing developments of class-A multifamily, retail and office buildings, which will drastically enhance the immediate area and improve its walkability. Its strategic location provides close access to I-95 and all major transit routes. Additionally, the site sits minutes away from some of Miami’s densest neighborhoods such as Brickell, Little Havana, Wynwood, Edgewater and Midtown.
Exclusively Listed By
Financing By
