45-47 36Th St, Miami, FL 33137
8,710 SF | 100% Leased | Retail Building | Miami, FL 33137 | $7,450,000 ($855/SF) | 6.18% Cap Rate
Asking Price $7,450,000
- Property Type
-
Retail
- Square Feet
- 8,710 SF
- Price / Square Foot
- $855
Listing Contacts
- Property Info
Property Overview
45-47 NE 36th Street presents a distinguished two-story freestanding corner retail property in Miami's thriving Midtown district. This prime location boasts an 8,710-square-foot building on a 4,356-square-foot lot, offering visibility and accessibility. 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.
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. With leases expiring in 2025-2026, it presents a compelling opportunity for an owner/user seeking near-term possession. The property features 10 parking spaces in an adjacent lot, which is a desirable amenity in this bustling urban environment, in addition to surplus overflow parking across the street at the Midtown Garages.
Accessibility is a core advantage, with immediate access to Interstates 195 and 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.
Beyond its strategic business appeal, the location offers an enviable lifestyle within Miami's dynamic live-work-play community. Miami Design District is regarded as one of the most important and prestigious high streets in the country, with the top retail brands in the world, in addition to fine dining and lifestyle amenities such as gyms and wellness. Midtown Miami, also adjacent, is celebrated for its walkability, boasting a mix of upscale rentals, diverse dining options, and trendy retail establishments. Just 10 minutes from Miami Beach and within convenient reach of Miami International Airport (MIA) and Fort Lauderdale-Hollywood International Airport (FLL).
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. With leases expiring in 2025-2026, it presents a compelling opportunity for an owner/user seeking near-term possession. The property features 10 parking spaces in an adjacent lot, which is a desirable amenity in this bustling urban environment, in addition to surplus overflow parking across the street at the Midtown Garages.
Accessibility is a core advantage, with immediate access to Interstates 195 and 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.
Beyond its strategic business appeal, the location offers an enviable lifestyle within Miami's dynamic live-work-play community. Miami Design District is regarded as one of the most important and prestigious high streets in the country, with the top retail brands in the world, in addition to fine dining and lifestyle amenities such as gyms and wellness. Midtown Miami, also adjacent, is celebrated for its walkability, boasting a mix of upscale rentals, diverse dining options, and trendy retail establishments. Just 10 minutes from Miami Beach and within convenient reach of Miami International Airport (MIA) and Fort Lauderdale-Hollywood International Airport (FLL).
Property Details
- Class
- C
- Year Built/Renovated
- 1934/1954
- Stories
- 2
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 4,356 SF
Highlights
- 45-47 NE 36th Steet is a freestanding corner retail property in the Miami Design District and Midtown Miami.
- 8,710 square feet of fully occupied retail/office space can be vacated in whole or in part for an owner/user.
- Property may be re-leased, providing a value-add and market-adjusted returns for an irreplaceable location and property.
- Opportunity for an owner/user or investor with a near-term possession date, with leases expiring in 2025 to 2026.
- Strategically located opposite the Shops at Midtown Miami, tenants enjoy the area's incredible accessibility, parking, and visibility to over 30K VPD.
- With access to major highways and Miami's top communities, the property presents an investment opportunity amidst ongoing urban infill developments.
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