150 SOUTH EAST 2ND AVE #103, Miami
$2,500,000 USD
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Address | 150 SOUTH EAST 2ND AVE #103, Miami |
Building Name | 150 |
Type of Property | Retail |
Type of Business | Commercial / Residential Income, Retail Space |
Property Style | Commercial Lease |
Price | $2,500,000 |
Property Status | Active |
MLS Number | A11724448 |
Property Size | 4792 |
Lot Size | 4792 |
Year Built | 1967 |
Folio Number | 01-41-38-159-0320 |
Net Operating Income | $107,536 |
Zoning Information | 6401 |
Days on Market | 211 |
Detailed Description: Presenting 150 SE 2nd Ave, Suite 103, a prime retail investment in Downtown Miami’s prestigious Chase Building. This 3,492 sq.ft high-visibility property is leased by USPS, a federally backed tenant, ensuring stable cash flow and long-term security. USPS occupies 2,000 sq.ft under a partial NNN lease with an 8% rent increase at each 5-year renewal. The remaining 1,492 sq.ft is leased as storage to different tenants of the building, generating additional income. One of only four retail spaces on the first floor, the property benefits from heavy foot traffic, dense commercial and residential growth, and proximity to major transit hubs. With a secure tenant, prime location, and rent escalations, this is a high-demand, low-risk investment in one of Miami’s fastest-growing markets.
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Address Information
State | Florida |
City | Miami |
County | Miami-Dade County |
Zip Code | 33131 |
Address | 150 SOUTH EAST 2ND AVE |
Section | 38 |
Zip Code (4 Digits) | 1515 |
Financial Information
Price | $2,500,000 |
Price per Foot | $0 |
Folio Number | 01-41-38-159-0320 |
Net Operating Income | $107,536 |
Tax Amount | $29,190 |
Full Descriptions
Detailed Description | Presenting 150 SE 2nd Ave, Suite 103, a prime retail investment in Downtown Miami’s prestigious Chase Building. This 3,492 sq.ft high-visibility property is leased by USPS, a federally backed tenant, ensuring stable cash flow and long-term security. USPS occupies 2,000 sq.ft under a partial NNN lease with an 8% rent increase at each 5-year renewal. The remaining 1,492 sq.ft is leased as storage to different tenants of the building, generating additional income. One of only four retail spaces on the first floor, the property benefits from heavy foot traffic, dense commercial and residential growth, and proximity to major transit hubs. With a secure tenant, prime location, and rent escalations, this is a high-demand, low-risk investment in one of Miami’s fastest-growing markets. |
Property parameters
Living Area | 4792 |
Lot Size | 4792 |
Total Acreage | 0.000 |
Zoning Information | 6401 |
Maximum Leasable Size | 4792 |
Year Built | 1967 |
Type of Property | Retail |
Type of Business | Commercial / Residential Income, Retail Space |
Style | Commercial Lease |
Building Name | 150 |
Construction Type | CBS Construction |
Street Direction | South East |
Listed with | Synergy Realty Advisors |