5110 NW 2nd Ave

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5110 NW 2nd Ave

Miami, FL 33127
Asking Price
$3.79M
Asset Type
Industrial
Class
Class B

What's Special

5110 NW 2nd Avenue is located in the Little Haiti neighborhood of Miami, situated within a transitioning industrial and creative corridor. The property is positioned just north of the Wynwood and Design District areas, offering proximity to established retail and dining hubs. It provides convenient access to major transportation arteries, including Interstate 95 and the Julia Tuttle Causeway, facilitating transit to Miami International Airport and PortMiami. The asset is suited for functional industrial use cases such as last-mile distribution, light manufacturing, or wholesale operations. Given the neighborhood's evolving character, the site is also appropriate for creative flex space or artist studios. Typical tenants for this location include logistics providers, artisan manufacturers, and service-based businesses seeking central urban placement with efficient connectivity to both downtown Miami and suburban markets.

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NOI
$80,000
Cap Rate
2.11%
DSCR
0.36
Underwater
Cash-on-Cash
-12.76%
Monthly Payment
$18,775.589
Annual Cash Flow
$-145,307.073

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