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14586510
14586509

45 NE 36th St, Miami, FL 33137

TA
FL SL3132321
DWNTWN Realty Advisors
DM
3401802, FL
DWNTWN Realty Advisors
Listed by DWNTWN Realty Advisors
$7,450,000
878 days on market
Updated 84 days ago

Design District - Midtown Freestanding Building

Details
Property Type Office
Sub Type Traditional Office
Square Footage 8,710
Cap Rate 6.18%
NOI $460,308
Occupancy 100%
Price per SqFt $855
Stories 2
Lot Size (SqFt) 4,356
Zoning T6-12-O
Investment Type Owner/User

Office | 6.18% CAP | 8,710 SF

Marketing description

DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 45-47 NE 36th Street in Midtown, Miami. 45- 47 NE 36th Street presents a distinguished two-story freestanding corner retail property boasting 8,710 SF on a 4,356 SF lot, with a prime location in Miami's thriving Midtown district. Currently fully occupied, the ground floor hosts a retail tenant, while the remaining first and second floors accommodate an owner/user office, ensuring steady income streams and operational flexibility should the owner/user or investor wish to re-lease at market rates since the leases expire in 2025-2026. Strategically positioned on the north side of NE 36th Street, directly opposite the Shops at Midtown Miami, this property benefits from high foot traffic and visibility from major national tenants such as Target, West Elm, and Home Goods. The property features 10 parking spaces in an adjacent lot, in addition to surplus overflow parking across the street at the Midtown Garages. Accessibility is a core advantage, with immediate access to Interstate 195, Interstate 95, and Biscayne Boulevard, linking the Design District, Midtown, and Wynwood neighborhoods. The property holds promising upside potential amid ongoing developments in the area, including luxury residential towers and commercial ventures.

Investment highlights

• Directly Across The Shops At Midtown Miami

• Located Just Between Midtown, Wynwood, and the Design District

• Close Proximity To The 195 Causeway and I-95

• Owner-User or Investment Opportunity

Listing Contacts

TA
FL SL3132321
DWNTWN Realty Advisors
DM
3401802, FL
DWNTWN Realty Advisors
Listed by DWNTWN Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$460,308.00
$38,359.00/mo

Valuation Metrics

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DSCR
6.18%
Cap Rate
6.18%
ROI

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