150 SE 2nd Ave 103, Miami, FL 33131 — MLS photo

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150 SE 2nd Ave 103, Miami, FL 33131

Active · Retail

$2,400,000

150 SE 2nd Ave 103, Miami, FL 33131

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1967
Lot size
4,792 sq ft
HOA fee
—
Annual tax
$29,190

About this property

Presenting 150 SE 2nd Ave, Suite 103, a prime retail investment in Downtown Miami's prestigious Chase Building. This 3,492 SF high-visibility property is leased by USPS, a federally backed tenant, ensuring stable cash flow and long-term security. USPS occupies 2,000 SF under a partial NNN lease with an 8% rent increase at each 5-year renewal. The remaining 1,492 SF is leased as storage to different tenants of the building, generating additional income. One of only four retail spaces on the first floor, the property benefits from heavy foot traffic, dense commercial and residential growth, and proximity to major transit hubs. With a secure tenant, prime location, and rent escalations, this is a high-demand, low-risk investment in one of Miami’s fastest-growing markets.

Property location

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150 SE 2nd Ave 103, Miami, FL 33131

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Retail
Year built
1967
Lot size
4,792 sq ft
Construction
Block

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$29,190
County
Miami-Dade
Days on market
571
MLS listing ID
A11724448
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,330

Cap rate
4.0%
Net yield
4.0%
Cash-on-cash return
-5.9%
Gross yield
6.6%
Mortgage payment
$11,377/mo
Down payment
$600,000
Loan amount
$1,800,000
Annual NOI
$96,570

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.