
Office in Miami, FL
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.
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
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 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
















