3635 NE 1st Ave

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3635 NE 1st Ave

miami, FL 33137
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

3635 NE 1st Avenue is located in the Miami Design District, a prominent neighborhood known for upscale showrooms, luxury fashion houses, and architectural design firms. Situated near the intersection of I-95 and I-195, the property offers direct regional connectivity to Downtown Miami and Miami Beach. The immediate area features high-density pedestrian traffic and is home to high-end dining destinations, contemporary art galleries, and the Institute of Contemporary Art. Public transit options include several Metrobus routes and proximity to the Brightline MiamiCentral station. The property is suited for luxury retail flagship stores, high-end furniture showrooms, or specialized boutique services that align with the neighborhood’s affluent demographic. The space provides high visibility for brands seeking a presence within a global design hub. Typical tenants include international fashion labels, premium home decor brands, and upscale culinary concepts. The strategic location caters to a mix of international tourists and residents from nearby luxury residential developments in Midtown and Edgewater.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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