501 NE 31st St # 1 #CU-1

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501 NE 31st St # 1 #CU-1

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

What's Special

Located at 501 NE 31st Street in Miami’s Edgewater neighborhood, this retail unit is situated within a high-density residential corridor facing Biscayne Bay. The property sits at the base of a luxury high-rise development, benefiting from immediate proximity to Margaret Pace Park and several major condominium towers. The location offers accessibility to the Julia Tuttle Causeway and I-95, providing direct transit links to Miami Beach, the Design District, and Wynwood. Pedestrian traffic is consistent due to the surrounding residential density and local dining establishments. The unit is suited for service-oriented retail, boutique storefronts, or wellness-based businesses. Ideal tenants include neighborhood-scale enterprises such as specialty fitness studios, high-end grooming services, or curated showrooms that cater to the local professional demographic. The space provides an opportunity for businesses seeking a permanent presence in a waterfront community characterized by a mix of long-term residents and seasonal visitors. Its street-level visibility and floor-to-ceiling glass frontage support diverse commercial branding requirements.

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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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