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Office Vacant-User

Common Wealth Building

46 SW 1st St, Miami, FL 33130

Listing Price: $4,850,000

Cap Rate
4.29%
Gross SF
22,617
Rentable SF
20,000
Price/Gross SF
$214.44
Lot Size
0.13 acres
Year Built
1962

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 46 SW 1st Street, Miami, FL 33130. The property consists of a 4-Story Office building, with a gross leasable area totaling 22,617 square feet and a lot size of 5,650 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 office 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 NW 1st Avenue & SW 1st Street. It has approximately 65 feet of frontage along SW 1st St, giving it easy visibility with vehicular traffic counts amounting to an average of 4,200 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.

Investment Highlights

  • Located in the Heart of Downtown, the Miami CBD. Walking Distance to Brickell, The Court House, AA Arena, World Center.
  • Adjacent to two developments summing a total of 1,000 dwelling units to be delivered by 2023.
  • Located just North of north-bound Interstate 95 ramp parallel to Southwest 1st Street.
  • Walking distance to Brickell City Center, American Airlines Arena. Bayfront Park, and Brightline Virgin Miami Central Station
  • Value-Add Opportunity for an Investor and or positioned for an Owner-User to Occupy Vacant Space

Exclusively Listed By

Financing By

Office Vacant-User

Common Wealth Building

Listing Price: $4,850,000

Cap Rate
4.29%
Gross SF
22,617
Rentable SF
20,000
Price/Gross SF
$214.44
Lot Size
0.13 acres
Year Built
1962

Investment Highlights

  • Located in the Heart of Downtown, the Miami CBD. Walking Distance to Brickell, The Court House, AA Arena, World Center.
  • Adjacent to two developments summing a total of 1,000 dwelling units to be delivered by 2023.
  • Located just North of north-bound Interstate 95 ramp parallel to Southwest 1st Street.
  • Walking distance to Brickell City Center, American Airlines Arena. Bayfront Park, and Brightline Virgin Miami Central Station
  • Value-Add Opportunity for an Investor and or positioned for an Owner-User to Occupy Vacant Space

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 46 SW 1st Street, Miami, FL 33130. The property consists of a 4-Story Office building, with a gross leasable area totaling 22,617 square feet and a lot size of 5,650 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 office 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 NW 1st Avenue & SW 1st Street. It has approximately 65 feet of frontage along SW 1st St, giving it easy visibility with vehicular traffic counts amounting to an average of 4,200 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.

Exclusively Listed By

Financing By

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