128 NE 1st Ave, Miami FL 33132

The property is positioned to capitalize on Downtown’s rapid revitalization. It is adjacent to the Historic Post Office, half a block south of 1400 units under construction, and half a block north of the Diamond District. The property is composed of three floors + a basement, totaling ca. 18,500 square feet. All floors have already been gutted. Permits will soon be approved to renovate the facade, install a grease trap, and whitebox the ground floor and basement. Once completed, a retail tenant will be sought. Alternatively, the property is zoned T6O-80. Density allows for 110 units. No parking is required at all due to the property’s proximity to the Metro Mover. The seller will consider owner financing, a joint venture, or any other creative proposals that can benefit both parties.