Office in Miami, FL - other in Miami, FL
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Office in Miami, FL

124 northwest 15th avenue, miami, FL 33125

Price

Price on request

Description

  • Covered Land + 4-Story Building in Little Havana CBRE, as exclusive advisor, presents 124 NW 15th Avenue, a 22,000 square foot, four-story commercial structure situated on a 0.34-acre site in Miami’s rapidly evolving Little Havana corridor. The property is 100 percent vacant, offering immediate full-building control with no legacy leases, rollover risk, or tenant constraints. Zoned T5-L (Urban Core), the asset allows for residential, office, institutional, and mixed-use redevelopment, providing multiple executable value-creation pathways. Strategically positioned between Downtown Miami, Wynwood, the Health District, and LoanDepot Park, the property benefits from strong central connectivity and continued public and private investment throughout the surrounding submarkets. With immediate control, zoning flexibility, and central infill positioning, 124 NW 15th Avenue offers both short-term repositioning potential and long-term development optionality. This offering presents a rare opportunity to acquire covered land with an existing structure in place, allowing investors to pursue:
  • Adaptive reuse into office or headquarters space
  • Multifamily or workforce housing conversion
  • Religious or institutional occupancy
  • Long-term mixed-use redevelopment

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

124 northwest 15th avenue, miami, FL 33125

Marker
Leaflet © OpenStreetMap contributors

Market Context

As of Q4 2025, the Miami other market showed average asking rents near $61.49/SF/yr, and rents up 2.6% year over year. Source: multiple brokerages Q4 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other other listings for sale in Miami, FL to benchmark pricing and space — view the full market.

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.5%
Avg Weekly Wage:$1,474

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population2,738,356
Median Income$72k
College Educated29.5%↓ 3.9pp
Median Age40.7 yrs
Median Home Value$463k
Unemployment4.6%↑ 1.0pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: other in miami, FL

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Listed by

CBRE System Import