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$3,000,000

  • For Sale
  • Active
  • Retail
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Stand Alone Retail building in downtown Miami, FL. Investor potential proforma 6% cap rate for new owner. Owner-occupied. Also, potential development Site. Build up to 102 units as in a Transit Oriented Development ("TOD") area using the Live Local/SB-102 Act. Zoned T6-80-O. Close to Luxury Developments, Flagler Street Promenade & the Miami Ave Metro-station at SE/SW 1st Street. Minutes to Brickell City, Miami World Center, & Kaseya Centers; Arts & Entertainment District, Bayfront Park; or via Miami Central Station connect to Miami's Airport or Brightline. Shop at Whole Foods, Publix & Aldi. Set amongst tourist destinations, offices, & dining/nightlife & sports.

Full Property Details for 116 S Miami Ave

General

  • Price: $3,000,000
  • Taxes: $41,774
  • Status: Active
  • Type: Retail
  • Source: Greater_Miami
  • MLS ID: A11704370
  • Updated: 7/31/2025
  • Added to Site: 403 day(s) ago

Business

  • Business Type: Other Type, Retail Space

Location

  • County: Miami-Dade County
  • Building Name: Messina Building
  • Driving Directions: Owner Occupied. Potential Dev Site & potential 6% cap if leased up. Text agents for internal videos of existing space. See attached OM.

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • Detached/Attached: Detached
  • Building Size: 4500
  • Year Built: 1901

Lot Features

  • Lot Size (Sq. Ft.): 4,480
  • Lot Dimensions: 45 x 98
  • Frontage Feet: 45
  • Zoning: 6401

Financial Considerations

  • Tax Amount: $41,774
  • Terms: All Cash

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: MIAMI NORTH PB B-41 S35FT OF LOTS 1 & 2 & N10FT OF LOT 24 & N10FT OF E48FT OF LOT 23 BLK 124 LOT SIZE 4480 SQ FT OR 26591-1576 0689 4
  • Property ID: 01-01-12-040-1030

Listed by The Hoffmann Group Real Estate and Douglas Elliman

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Listing agents

— 116 S Miami Ave —

  • The Hoffmann Group Real Estate

  • Douglas Elliman

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 S Miami Ave

School District:Dade County School District
NameGradesDistance
Frederick R. Douglass Elementary School
314 Northwest 12th Street, Miami, FL 33136
PK-51 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.4 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 S Miami Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/31/2025
Price Reduced
$3,000,000
-24.98%
MLS
1/22/2025
Price Reduced
$3,999,000
-11.13%
MLS
12/09/2024
Listed
$4,500,000
718.18%
MLS
3/29/2013
Sold
$550,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 116 S Miami Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$35,615
-13%
$3,357,550
—
2023
$40,911
9%
$3,357,550
7%
2022
$37,590
18%
$3,133,550
36%
2021
$31,781
10%
$2,304,750
162%
2019
$28,875
8%
$878,231
10%
2018
$26,786
29%
$798,392
-45%
2017
$20,805
1%
$1,453,550
120%
2016
$20,522
2%
$659,829
10%
2015
$20,117
59%
$599,845
10%
2014
$12,628
—
$545,314
—
2013
$12,618
—
$545,539
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 116 S Miami Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by The Hoffmann Group Real Estate and Douglas Elliman

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116 S Miami Ave, Miami, FL 33130 (MLS# A11704370) is a Retail property. 116 S Miami Ave is currently listed for $3,000,000 and was received on December 09, 2024. Want to learn more about 116 S Miami Ave? Do you have questions about finding other Retail real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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