$5,500,000
San Juan Motel for Sale | Prime Little Havana Prime Commercial Real Estate Miami
Miami, Florida
Soft OfferCommercial Property for Sale in Miami Florida 33127
244 NW 34th St, Miami, Florida 33127
$2,400,000
$440 / sq ft Listed Jun 12, 2024
5,456 sqft
Building
5,456 sqft
Lot
1925
Built
2
Stories
8
Units
Class A
Class
About this property
Commercial Property for Sale in Miami Florida 33127 is a multifamily for sale in Miami, Florida, listed at $2,400,000. Key details: year built 1925, building size 5,456 sqft, lot size 5,456 sqft, stories 2. Listed by Vicente Rodriguez of Fausto Commercial on LoopingCloud and last updated March 25, 2025.
This 8-unit multifamily building in Miami's trendy Wynwood Norte offers a unique investment chance for $2.4 million. The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby. Recent zoning changes by the city allow for significantly denser development, making the property highly attractive for potential future expansion. Additionally, the building offers immediate returns with a 5.19% cap rate and the potential for even higher returns (6.50%) based on projected rents. Whether you choose to keep the current setup or explore redevelopment opportunities, this property positions you to capitalize on Wynwood Norte's booming cultural and entertainment scene.
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Business Opportunities
| Company | Business type | Contact | Phone | |
|---|---|---|---|---|
| BAY TITLE COMPANY | Title Services | ALANA Supraski | (305) 692-8886 |
Property details
Key facts
- Year Built
- 1925
- Building Size
- 5,456 sqft
- Lot Size
- 5,456 sqft
- Stories
- 2
- Total Units
- 8
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$440
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,400,000 | - | 2% | - | - |
Features and amenities
Highlights
- This property positions you to capitalize on Wynwood Norte's booming cultural and entertainment scene.
- The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby.
Location
Address as shown by the lister.
Get directionsAbout this area - Miami
- Population
- 27,796
- Housing units
- 9,681
- Land area
- 3.2 sq mi
- County
- Miami Dade
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Miami Florida 33127?
Commercial Property for Sale in Miami Florida 33127 is listed at $2,400,000. That works out to about $440 per square foot.
Where is Commercial Property for Sale in Miami Florida 33127 located?
The property is in 244 NW 34th St, Miami, Florida 33127, Miami Dade County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 5,456 sqft. The lot is 5,456 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Vicente Rodriguez of Fausto Commercial listed this property. Use the Request Info button to send a message or call (305) 431-2258.
When was this listing published?
It was published on June 12, 2024 and last updated on March 25, 2025.
Listing information
- Listing ID
- CL-Florida-10669
- Published
- Jun 12, 2024
- Last updated
- Mar 25, 2025
- Views
- 561
Report a problem with this listing
Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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