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2824 NW 5th Ave, Miami FL 33127

Commercial For Sale
$4,900,000

BTC: 61.63522013

ETH: 2,014.80263158

1 days
0 room(s)

Overview

Vacant two-story Wynwood building on NW 5th Avenue with a T5-O site under it, a quarter mile from the land Ken Griffin is donating for Carnegie Mellon University's new Miami campus (construction expected 2027, first students 2028). Over 13,700 SF on two floors (6,889 SF gross each, measured) with no interior columns. The second floor has 16 ft ceilings under a twin-T roof and a 54' x 45' open hall at the rear; its other partitions are drywall. The ground floor, a former parking level with lower ceilings (about 8.5 ft), opens to a storefront on NW 5th Avenue. Both floors are air-conditioned. Lot of 7,150 SF zoned T5-O in the Wynwood NRD-1: 5 stories by right, up to 8 through the public benefits program, 150 units per acre; it can also be combined with neighboring parcels. Griffin and Goldman Properties bought 545wyn, about 500 ft away, in January 2026. Suits an owner-user (gallery, showroom, studio, creative office, education, food and beverage), an investor, or a developer or neighbor assembling on the block. Offering memorandum and measured floor plans available. Some photos are digitally edited to show the property vacant; renderings are conceptual.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1972
Lot:
7150 Square Feet
Heating:
Central Electric
Price/sqft:
No Data
Cooling:
Central Building A/C / Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,732,500
$1.2M – $4.5M
Confidence Low
List vs. estimate
$3.2M above estimate
List $4,900,000 · +182.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.4M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$47,288
All facts and features
  • Flooring

    • Carpet

    • Concrete

    Heating

    • Central Electric

    Cooling

    • Central Building A/C

    • Central Individual A/C

  • Lot

    • Lot: 7150 Square Feet

    Other Property Information

    • Parcel Number: 01-31-25-024-2610

    • Zoning: 6101

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Flex Space

  • Other financial information

    • Annual tax amount: $47,288

  • Source details

    • MLS ID: A12112434

    Other facts

    • Lot Features: City Location

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Riviera Horizons LLC