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$980,000
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Property Description
**Prime Commercial Opportunity for Business Owners Or Developers!** Located near Miami's emerging Buena Vista neighborhood, Wynwood, Design District, Downtown Miami, and Brickell This location offers an exceptional opportunity for business owners seeking to establish a retail store in a high-traffic area OR for developers looking to build a mix of residential, office, and retail space! Agents, bring your business owners and developers! T5-L consists of a higher density mixed-use building type, that accommodates retail and office uses with apartments. Purchase with as little as 10% down with SBA Financing! Includes 4 parking spaces and plenty of street parking. The property has a large studio in the back and both units can produce around $5,000-$6,000 per month.
Full Property Details
Full Property Details for 5501 NW 2nd Ave
General
- Price: $980,000
- Taxes: $1,183 (2024)
- Status: Active
- Type: Single Family
- Source: Greater_Miami
- MLS ID: A11873588
- Updated: 12/2/2025
- Added to Site: 133 day(s) ago
Interior
- Interior Features: First Floor Entry, No Additional Rooms
- Appliances: Microwave, Electric Range
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom: 2 Primary Bathrooms
Bedrooms
- Total Bedrooms: 4
- Bedroom Features: Primary Bath Shower, Studio
Other Rooms
- Living Room: No Additional Rooms Sq. Ft.
- Laundry: Washer/Dryer Hook-Up
Additional Information
- Security/Safety: Smoke Detector
Exterior
- Exterior Features: None
Parking
- Parking Features: Additional Spaces Available, Covered
Location
- Area: Railway Shops Addn 1st Ad
- County: Miami-Dade County
- Subdivision: RAILWAY SHOPS ADDN 1ST AD
- Building Name: RAILWAY SHOPS ADDN 1ST AD
- Direction Faces: West
School Information
- Elementary School: Shadowlawn
- Middle School: Miami Edison
- High School: Miami Edison
Community
- Community Name: Railway Shops Addn 1st Ad
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached, One Story
- Structure Type: R30-No Pool/No Water, House
- Detached/Attached: Detached
- Construction: Concrete Block Construction, CBS Construction
- Roof: Metal Roof
- Building Size: 1680
- Square Feet: 1,680
- Living Area: 1,680 Sq. Ft.
- Year Built: 1924
Lot Features
- Property View: None
- Lot Size (Sq. Ft.): 4,300
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 6107
Financial Considerations
- Price Per Sq. Ft.: $583.33
- Tax Amount: $1,183
- Tax Year: 2024
- Terms: All Cash, Assumable, Conventional, FHA
Disclosures and Reports
- Legal Description: RAILWAY SHOPS ADDN 1ST ADDN PB 3-200 LOT 7 LESS W13FT FOR R/W BLK 1 LOT SIZE 50.00 X 86 OR 20880-0690 1202 4
- Restrictions: No Restrictions
- Property ID: 01-31-13-059-0060
Listed by Fausto Commercial Realty Consultants Inc
Get Pre-Approved Today
Schools
Schools serving 5501 NW 2nd Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Toussaint L'Ouverture Elementary 120 Northeast 59th Street, Miami, FL 33137 | PK-5 | 0.4 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 1.4 mi |
Miami Edison Senior High School 6161 Northwest 5th Court, Miami, FL 33127 | 9-12 | 0.5 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 5501 NW 2nd Ave
Date
Details
Price
Change
Source
12/02/2025
Price Reduced
$980,000
-2%
MLS
9/05/2025
Listed
$1,000,000
1786.79%
MLS
12/17/2002
Sold
$53,000
—
Public Record
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
Tax History for 5501 NW 2nd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,213
3%
$83,320
3%
2023
$1,183
6%
$80,894
6%
2021
$1,113
-2%
$76,251
-3%
2022
$1,133
2%
$78,538
95%
2021
$1,113
62%
$40,327
2%
2019
$688
3%
$39,421
2%
2018
$667
2%
$38,686
2%
2017
$653
1%
$37,891
2%
2016
$644
—
$37,112
1%
2015
$644
—
$36,855
1%
2014
$642
2%
$36,563
1%
2013
$630
—
$36,023
—
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
Estimate the Cost for 5501 NW 2nd Ave
5501 NW 2nd Ave, Miami, FL 33127 (MLS# A11873588) is a Single Family property with 4 bedrooms and 2 full bathrooms. 5501 NW 2nd Ave is currently listed for $980,000 and was received on September 05, 2025. Want to learn more about 5501 NW 2nd Ave? Do you have questions about finding other Single Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

